VCS typically refers to Version Control System. It is a system that records changes to a file or set of files over time so that you can recall specific versions later. It allows you to revert files back to a previous state, revert the entire project back to a previous state, compare changes over time, see who last modified something that might be causing a problem, who introduced an issue and when, and more. Using a VCS also means that if you mess things up or lose files, you can easily recover. Common examples include Git, Mercurial, and Subversion.
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