VxWorks is a real-time operating system used in devices like automobiles and network switches. VxWorks 5 uses a monolithic kernel with real addressing and no virtual memory, while VxWorks 6 adds an MMU and full virtual memory support. VxWorks 5 uses first-fit memory allocation that can cause fragmentation, while VxWorks 6 uses a best-fit algorithm for less fragmentation. VxWorks 6 also includes enhancements like automatic resource reclamation, user-mode heap support, and tighter integration with error management.