Linux is an open-source operating system originally created by Linus Torvalds in 1991. It provides services like task scheduling, memory management, disk management, and more. Linux has a monolithic kernel architecture and uses shells like Bash and csh to interface between users and the kernel. It is portable, supports multiple users and programs running simultaneously, has security features, and a hierarchical file system. Linux is widely used today due to its open-source nature and ability to run on various hardware platforms.