Centos is a community-supported operating system that maintains binary compatibility with Red Hat Enterprise Linux. It provides a free enterprise computing platform and is managed through the yum package manager for updates. Centos supports various processor architectures including x86, x86-64, and PowerPC. It has a history of being developed based on Red Hat Linux source code to create a free alternative with commercial support available through partners. The goals of Centos include long-term usability, maintenance, and community development.