Iframely Options

I am testing the version 4.9 and I confess that in despite of price to use the iframely api, I could understand the difference between the Social Engine Api and Host a Api. The Social Engine Hosted Api use Iframely or it use the old version from SE?
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    Donna The SocialEngine Hosted version is the Iframely hosted by SE for licensed clients. :) We did this for clients that might not want to use the paid Iframely or on their own servers. Hope you enjoy it! :)