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Hosted network is not available on Windows XP, but you can use this cheap hardware solution.
Virtual Router is an open source simple and stable virtual router software. It requires zero configuration to create a virtual WiFi spot.
Starting from Windows 7, Microsoft provided a capability of creating virtual WiFi hotspot. It is very handy when you want to share the internet access through wireless. However there is only a commandline version provided in Windows, and it takes several actions to simply create a usable WiFi hotspot. Virtual Router is a GUI tool to let you create such WiFi hotspot just in one click.
The best Virtual Router software
As the name suggested, the goal of this tool is to achieve the best user experience, to be as simple and as stable as possible.
No Installation Required
Simply download the zip package and extract to anywhere you want. No installation is required; no registry keys are modified; completely portable.
Once it’s started, a WiFi hotspot is created immediately. You don’t even need to click any button!
Advanced configurations are still available for you to change settings including SSID and password.
Stable and Easy to Diagnose
Various of detection, verification and retry logic is implemented. It will have the best ever success rate of creating the WiFi hotspot. If an error occurs, a very specific pure English explanation will let you know the root cause.