Hosting Requirement

I want to know if there are any specific hosting requirements to host Xenforo forum? PHP version, RAM requirement or anything like this? Can a cheap shared hosting account manage the XenForo ?
 

I have visited that thread and wanted to ask a few questions. But I don't have an option to reply on that thread, as it says you don't have privileges to post in this thread. So, I am asking the question here. I hope you can respond here :)

I want to know what is the inode usage limit on the basic package of known host shared hosting plan? Some hosts refer the inode usage as the file usage.
What is the php memory limit for the same basic hosting plan of shared hosting? My current host only allows maximum php memory limit to be 256MB.
 
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