Static RAM (SRAM) is a type of computer memory that retains data bits in its memory as long as power is supplied. Unlike Dynamic RAM (DRAM), which needs to be refreshed thousands of times per second, SRAM is faster and more reliable because it uses a different architecture that allows it to hold data without constant refreshing. SRAM is commonly used in applications where speed is crucial, such as in cache memory for processors. Although it is faster than DRAM, SRAM is also more expensive to produce and takes up more space on a chip, making it less suitable for larger memory needs.