Microsoft recently released Visual Studio Code and I am a little confused about its usage, since Visual Studio has lot of functional similarities with it.
Whereas VS is extremely slow. VS can literally compile code, build apps and so on, it's a huge IDE like Unity itself or XCode. VSCode is indeed "just" a full-featured text editor. VSCode is NOT a compiler: VSCode is literally "just a text editor".
Yes, you can install and use both simultaneously and safely. Visual Studio Code is a lightweight but powerful source code editor.
Visual Studio (full version) is a "full-featured" and "convenient" development environment.
Visual Studio (free "Express" versions - only until 2017) are feature-centered and simplified versions of the full version. Feature-centered meaning that there are different versions (Visual Studio Web Developer, Visual Studio C#, etc.) depending on your goal.
Visual Studio (free Community edition - since 2015) is a simplified version of the full version and replaces the separated express editions used before 2015.
Visual Studio Code (VSCode) is a cross-platform (Linux, Mac OS, Windows) editor that can be extended with plugins to your needs.
For example, if you want to create an ASP.NET application using Visual Studio Code you need to perform several steps on your own to setup the project. There is a separate tutorial for each OS.
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