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Serverless architectures are the applications that are dependent on third-party services, also known as Backend as a Service (BaaS), or on custom codes that are run in temporary containers, also known as Function as a Service (FaaS). Not to go with the literal meaning, the term "serverless" denotes that the person or business that possesses the system does not require renting or purchasing virtual machines or provision servers in order to run the back-end code.