Process and Timer Difference

1. what are the differences between timer and process?

2. Are they both thread?

3. How many process we can instantiate at single time? does it impact the performance?

Please explain in detail about the concept of process and timer

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A Timer allows it to be executed automatically upon scheduling.

Several Timers can be executed at the same time, but the same Timer will never run simultaneously.

To know the meta-model and how Timers work, see this link.

A Process is executed based on the flow of activities to be performed at each stage of the entity's life cycle, as a task to be performed by the user, a Business Process.

See this link in the documentation and also this answer from @Leonardo Fernandes  explains it very well.