Difference between these VE’s and a traditional VM

The main difference is that in a VE there is no preloaded emulation manager software as in a VM. 

In a VE, the application (or OS) is spawned in a container and runs with no added overhead, except for a usually minuscule VE initialization process. There is no hardware emulation, which means that aside from the small memory software penalty, LXC will boast bare metal performance characteristics because it only packages the needed applications.

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