Nanotechnology involves manipulating matter at the atomic and molecular scales. It allows for precisely manipulating atoms and molecules to fabricate macroscale products. Governments have invested billions in nanotechnology research due to its diverse applications including industrial and military uses. While concepts of nanotechnology were first discussed in 1959, the field gained more attention in the early 2000s, leading to both progress and controversies. Applications of nanotechnology include stronger and lighter materials, more effective energy and medical technologies, and enhanced electronics. However, challenges remain regarding mass production, health effects, and environmental impacts.