The document discusses microkernels, which are a minimal form of operating system kernel that provides only basic functionality like address space management, thread management, and inter-process communication. Traditional OS functions like device drivers and file systems are implemented as user-space servers that communicate via IPC. Early microkernels had poor IPC performance, but more optimized designs like L4 achieved much lower overhead. Modern microkernels are minimal and aim to implement all policy in user space for flexibility, while providing efficient IPC and other core mechanisms.