I installed memcached-1.4.15 from http://memcached.org and uploaded it to 
public_html folder. I then added the following code to config.php 

// ****** DATASTORE CACHE CONFIGURATION ***** 
// Here you can configure different methods for caching datastore items. 
// vB_Datastore_Filecache - for using a cache file 
// $config['Datastore']['class'] = 'vB_Datastore_Filecache'; 
// vB_Datastore_Memcached - for using a Memcache server 
// It is also necessary to specify the hostname or IP address and the port 
the server is listening on
// $config['Datastore']['class'] = 'vB_Datastore_Memcached'; 
// $config['Misc']['memcacheserver'] = '127.0.0.1'; 
// $config['Misc']['memcacheport'] = '11211'; 

Did I do this right or am I missing something?

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