1. A method for generation of virtual images on a computer system having a Virtual Machine (VM), comprising: (a) generating a virtual image of the VM that includes a state of the VM's disk at a particular moment in time; wherein the virtual image is viewable via a host-side graphical representation component for viewing a history of virtual images representing states of the VM's disk at prior moments in time; (b) storing the virtual image as multiple chunks or partitions; (c) from the host side, acquiring a state of the VM's memory using a guest-side Application Process Interface (API) and adding the state of the VM's memory to the virtual image; (d) configuring the graphical representation component to display only selected virtual images based on user selection, and (e) in the graphical representation component, displaying a representation of differences between at least two of the virtual images.