This is correct. Specifically, there's a category of tool called "dynamic binary translators" (including Pin, DynamoRIO, Valgrind, and QEMU) that translate bina

This is correct. Specifically, there's a category of tool called "dynamic binary translators" (including Pin, DynamoRIO, Valgrind, and QEMU) that translate binary code one block at a time, just before it's executed.