What is the difference between Hot Wax and Traditional Waxing?

"Traditional Wax" is also known as "Strip Wax" where the wax is applied, a paper strip placed on top and then pulled off removing the paper, wax and unwanted hair.  Whereas "Hot Wax" does not use paper strips, the hot wax is applied to the area, allowed to cool slightly and then the wax itself is pulled off removing the unwanted hair.