Hardware virtualization is the representation of hardware in software. Software written for one hardware architecture such as the Intel 386 and the Motorola 6800 are able to run each other's software in a limited capacity.
We have made hardware virtualization with varying degrees of dedicated software and hardware.
We have virtualized all parts of hardware in software such as virtualbox. And we have put specialized computer hardware in other computer hardware to represent faster the hardware to be virtualized.
This has been with 'daughter boards', as with the Amiga Bridgeboard A2088/A2286
Rather than dedicate resources to hardware expansion boards Transmeta virtualized
https://en.wikipedia.org/wiki/Transmeta
a processor with hardware meta instructions supporting all the transformations of one hardware instruction into another.
We are buiding in today's CPUs hardware bridgeboards with special X86 hardware instructions that allows direct access to the CPU hardware and memory while not disabling the protected memory of the host
https://en.wikipedia.org/wiki/X86_virtualization
Protected memory prevents untrusted processes from accessing memory spaces of other processes
With projects like Xen we make a docker like host and run all the guests applications as services from a bridge board like docker service
https://wiki.xen.org/
Today we use Docker to represent the guest hardware, the bridgeboard, to the guest software.
https://www.docker.com/
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