1. The ESP8266 is a low-cost WiFi-enabled microchip that allows for easy interfacing of sensors to wireless networks and the internet.
2. It provides an economical and power-efficient solution for wireless sensor networks (WSN) and internet of things (IoT) projects by allowing sensor nodes to directly connect to WiFi and the internet.
3. The ESP8266 has various variants and features that allow for simple hardware interfacing and programming using the Arduino IDE, making it easy to use for IoT and WSN projects.