Network Simulator 2 (NS2) is a discrete event simulator used for networking research. It models packet-level details and is mainly written in C++ for efficiency and OTcl for flexibility. NS2 can run on Unix systems and Windows using Cygwin. It allows modeling of different network topologies and protocols through a scripting interface. While powerful and popular for research, NS2 also has disadvantages like being complex to model with and time-consuming to use.