Not that I condone wiki as a source for all info, but its fairly detailed.<br />
<a href="http://en.wikipedia.org/wiki/Redundant_array_of_independent_disks" target="_blank">http://en.wikipedia.org/wiki/Redunda...ependent_disks</a><br />
And to answer the advantages questions, it depends on what you want to do with it.
yeah basically do you want speed or a redundency or a middle of the road, i personally like raid 0 which uses atleast 2 hdds and is pretty fast but if you lose one disc you lose the array<br />
and yes thats true you will get much fasster speds ina raid 0
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