Nanotechnology involves manipulating matter at the nanoscale, between 1 and 100 nanometers. The document discusses how nanotechnology works at the atomic and molecular scale and can be used to synthesize new nanomaterials. It then covers several applications of nanotechnology in electronics, energy, and medicine by creating materials and devices that are stronger, lighter, more durable and precise. While nanotechnology provides advantages, it may also cause job losses and potential health issues if safety precautions are not taken with materials like carbon nanotubes. The future of nanotechnology could include electronic paper, morphing devices, and advanced contact lenses.