Virtual memory allows programs to access more memory than is physically available by using disk as secondary storage. When memory is needed, inactive portions of programs are written to disk and active portions are loaded into memory. A virtual address is translated to a physical address through a page table. This allows multiple programs to safely share memory through separate virtual address spaces. Page faults occur when a program accesses memory not currently loaded, which are slow to process, so algorithms aim to minimize them. Dirty and reference bits track pages needing to be written to disk when replaced. A TLB cache holds recent translations to bypass slow page table accesses.