XenServer uses a control domain/Dom0 to manage virtual machines running on DomUs. It utilizes a Linux kernel with Intel-VT or AMD-V virtualization extensions. The hypervisor allows virtual machines to access physical resources like CPU, memory, network and storage. Networking and storage are virtualized using technologies like bonding, LVM, NFS and iSCSI. Performance analysis tools like iperf and hdparm can help optimize network and storage I/O.