A doubly linked list is a linked list where each node contains a link to the next node and the previous node. This allows traversal in both directions. Each node contains data and pointers to the next and previous nodes. The head node's previous pointer points to null and the tail node's next pointer points to null. Methods like addElementFront(), addElementRear(), and deleteElement() are used to add and remove nodes from the list. Compared to a singly linked list, a doubly linked list requires updating more pointers but provides the ability to traverse backwards through the list.