The Needleman-Wunsch algorithm is a foundational bioinformatics tool for aligning protein or nucleotide sequences, employing dynamic programming to achieve optimal global alignments. Developed by Saul B. Needleman and Christian D. Wunsch in 1970, it divides complex alignment problems into smaller, manageable tasks, and utilizes a scoring system based on matches, mismatches, and gaps. This algorithm remains crucial in sequence alignment applications due to its effectiveness and accuracy.