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SQLite3 is a serverless, self-contained database management system. It's an embedded relational database engine that supports most of the SQL standard. The technology is fully ACID-compliant and can handle large amounts of data with relatively high performance. Designed to be simple to install and operate, SQLite3 does not require any configuration or maintenance after deployment, making it well-suited for memory constrained devices like smartphones, IoT devices, and some web browsers where its small footprint doesn't add significant bulk while enabling easy storage and retrieval of structured data with good efficiency.