E-paper was invented in 1974 by Nicholas K. Sheridon using his Gyricon material. It uses microcapsules filled with charged white and black particles to display text and images in a way that resembles paper. Early e-paper had low resolution but modern applications include e-book readers, mobile phones, signs, and other displays. E-paper saves trees compared to paper and has advantages like being readable in any light, flexible, and using no power to maintain a display. Future developments may include color e-paper and replacing printed materials like books and newspapers.