What is the correct syntax for the XOOPS Virtual Path (URL) during installation?

I am installing on a multi-user hosted server. In searching through this site and the XOOPS documentation site have seen a variety of expressions, but not a definitive answer. Sometimes I see a directory path -- other times a http://www.yoursite.com style URL. Which is correct?

Would the following work on a new installation of XOOPS 2.0.15 on a hosted environment?

http://localhost/public_html


Thank you for your advice.

Here, use this for Virtual path. The other is the physical path.

Lance,

Thank you for the suggestion.

Unfortunately in my hosted environment, the suggested XOOPS Virtual Path (URL) was not accepted as valid by the XOOPS installer.

I used normal URL syntax, which was accepted as valid by the XOOPS installer, that is:

define('XOOPS_URL', 'http://www.mysitename.com');

Is there any downside to using this statement?

Thank you to anyone for advice.