Nanotechnology involves manipulating matter at the nano-scale of 1-100 nanometers. It has various applications in materials, electronics, energy, and life sciences. Some advantages include stronger and lighter materials, faster computers, and targeted drug delivery. However, there are also disadvantages such as potential job losses and health effects if carbon nanotubes are inhaled. The future of nanotechnology is promising with applications in electronic paper, morphing devices, and contact lenses, among others. It may change almost every human-made object in the next century according to experts.