Virtual SAN allows for the creation of a shared storage pool using local disks within an ESXi cluster. It requires a minimum of 3 ESXi hosts and uses a RAIN architecture with no additional virtual appliances. Setup and management can be done in minutes without agents through storage profiles assigned on a per VM/VMDK basis. Virtual SAN scales storage capacity through adding more disks, disk groups, or hosts. It has limitations such as a maximum VMDK size of 2-512TB and does not support fault tolerance or storage I/O control.