The 8085 microprocessor is an 8-bit microprocessor introduced in 1976 as an updated version of the 8080. It has features like multiplexed address/data bus and interrupt pins. The 8085 consists of units like the accumulator, ALU, registers, program counter, stack pointer, flags, and instruction decoder. It uses flags to indicate arithmetic results and has interrupt controls. Registers are used for data, addressing, and instructions. The timing and control unit coordinates operations using a clock. Serial I/O is also supported.