This may be quite a stupid question as I have been reading up on things to improve loading times and also performance on my Droplet but cannot get a straight answer from these articles.
My question is, if I were to resize/upgrade my Droplet to the plan above it, will it increase the performance and decrease page loading times?
Or will it stay the same if I had the same amount of visitors on the website on both droplets?
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Upgrading droplet will help you if you have high-load and high number of visitors. If you don’t have high-load, high number of visitors, you should optimize website. I can recommend you running Google PageSpeed Insights. Go there, enter your website link, click on analyze and violla. Some of recommended steps would be: 1. Optimizing your page images: Compress images. This is pretty important. Sometimes you can compress 70-80%. This is a lot. Myself, I use Tinypng, and it is working excellent. You should compress all images you have via it. Use PNG or JPG. If you need animations use GIF. If you have images with geometric shapes use SVG. Learn more about it on Google Developers site.
gzipcompression on nginx: You can learn more about it in following DigitalOcean tutorial.
This is in some basic lines what is mostly problems. If it give everything right, consider upgrading your droplet