SVN - cheap copy

Subversion's repository has a special design. When you copy a directory, you don't need to worry about the repository growing huge—Subversion doesn't actually duplicate any data. Instead, it creates a new directory entry that points to an existing tree. If you're an experienced Unix user, you'll recognize this as the same concept behind a hard link. As further changes are made to files and directories beneath the copied directory, Subversion continues to employ this hard link concept where it can. It duplicates data only when it is necessary to disambiguate different versions of objects.

This is why you'll often hear Subversion users talk about “cheap copies.” It doesn't matter how large the directory is—it takes a very tiny, constant amount of time and space to make a copy of it. In fact, this feature is the basis of how commits work in Subversion: each revision is a “cheap copy” of the previous revision, with a few items lazily changed within. (To read more about this, visit Subversion's web site and read about the “bubble up” method in Subversion's design documents.)

Of course, these internal mechanics of copying and sharing data are hidden from the user, who simply sees copies of trees. The main point here is that copies are cheap, both in time and in space. If you create a branch entirely within the repository (by running svn copy URL1 URL2), it's a quick, constant-time operation. Make branches as often as you want.