RAID 5: Rotating parity
RAID 5 is very similar to RAID 3 and is probably the most popular level of the technology. In RAID five, the last disk drive is not the only drive that contains parity data in the array.
In RAID 5, you rotate the parity in the five disk drives. So the first array may contain four drives of data and then one drive of parity, then the next array would contain three disks of data and then two disks of parity. In essence, parity is moved around in a round robin-type fashion. All five disk drives have a combination of data and parity.
Again, if a single disk drive in that pairing dies, you can re-create that information from the remaining four disk drives. So you can tolerate a single disk drive failure, which improves the availability of data. This also improves performance because you are striping the data on the other four disk drives.
RAID 6: Tolerates failure of two disk drives
RAID 6 is similar to RAID 5 in terms of striping and parity, with the major difference being that RAID 6 can tolerate two disk drives failing. In RAID 6, up to two disk drives can die and you can still have an efficient level of data availability.