TYPO3 v7 has reached its end-of-life November 30th, 2018 and is not maintained by the community anymore.
You can order Extended Long Term Support (ELTS) here: TYPO3 ELTS.
Since TYPO3 CMS 4.3, the core contains a data caching framework which supports a wide variety of storage solutions and options for different caching needs. Each cache can be configured individually and can implement its own specific storage strategy. Major parts of the system are backported from TYPO3 Flow and are kept in sync between the two systems.
The caching framework exists to help speeding up TYPO3 sites, especially heavily loaded ones. It is possible to move all caches to a dedicated cache server with specialized cache systems like the Redis key-value store (a so called NoSQL database).
Since TYPO3 CMS 4.6, the caching framework is always enabled, the old and unflexible approach to cache content is gone. This document covers settings for TYPO3 CMS 6.0 and beyond.