ABS (Antilock Braking System) prevents wheel lockup during hard braking to allow steering control. It uses sensors and a computer to monitor wheel speeds and pulse the brakes if a wheel locks up to maintain 20-50% slip. This improves braking performance and helps prevent skids. ABS components include wheel speed sensors, an ECU (computer), and hydraulic control valves that pulse the brakes individually. It can be a two-wheel or four-wheel system and only activates during braking over 15 mph.