What is the difference between a process and a thread?

Process
Each process provides the resources needed to execute a program. A process has a virtual address space, executable code, open handles to system objects, a security context, a unique process identifier, environment variables, a priority class, minimum and maximum working set sizes, and at least one thread of execution. Each process is started with a single thread, often called the primary thread, but can create additional threads from any of its threads.

Thread
A thread is an entity within a process that can be scheduled for execution. All threads of a process share its virtual address space and system resources. In addition, each thread maintains exception handlers, a scheduling priority, thread local storage, a unique thread identifier, and a set of structures the system will use to save the thread context until it is scheduled. The thread context includes the thread's set of machine registers, the kernel stack, a thread environment block, and a user stack in the address space of the thread's process. Threads can also have their own security context, which can be used for impersonating clients.

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This information was found on Microsoft Docs here: About Processes and Threads

Microsoft Windows supports preemptive multitasking, which creates the effect of simultaneous execution of multiple threads from multiple processes. On a multiprocessor computer, the system can simultaneously execute as many threads as there are processors on the computer.

Both processes and threads are independent sequences of execution. The typical difference is that threads (of the same process) run in a shared memory space, while processes run in separate memory spaces.

I'm not sure what "hardware" vs "software" threads you might be referring to. Threads are an operating environment feature, rather than a CPU feature (though the CPU typically has operations that make threads efficient).

Erlang uses the term "process" because it does not expose a shared-memory multiprogramming model. Calling them "threads" would imply that they have shared memory.

Process:

• An executing instance of a program is called a process.
• Some operating systems use the term ‘task‘ to refer to a program that is being executed.
• A process is always stored in the main memory also termed as the primary memory or random access memory.
• Therefore, a process is termed as an active entity. It disappears if the machine is rebooted.
• Several process may be associated with a same program.
• On a multiprocessor system, multiple processes can be executed in parallel.
• On a uni-processor system, though true parallelism is not achieved, a process scheduling algorithm is applied and the processor is scheduled to execute each process one at a time yielding an illusion of concurrency.
• Example: Executing multiple instances of the ‘Calculator’ program. Each of the instances are termed as a process.

Thread:

• A thread is a subset of the process.
• It is termed as a ‘lightweight process’, since it is similar to a real process but executes within the context of a process and shares the same resources allotted to the process by the kernel.
• Usually, a process has only one thread of control – one set of machine instructions executing at a time.
• A process may also be made up of multiple threads of execution that execute instructions concurrently.
• Multiple threads of control can exploit the true parallelism possible on multiprocessor systems.
• On a uni-processor system, a thread scheduling algorithm is applied and the processor is scheduled to run each thread one at a time.
• All the threads running within a process share the same address space, file descriptors, stack and other process related attributes.
• Since the threads of a process share the same memory, synchronizing the access to the shared data within the process gains unprecedented importance.

I borrowed the above info from the Knowledge Quest! blog.