Node.js is an open-source, cross-platform runtime environment that uses JavaScript for building scalable network applications. It provides an event-driven and non-blocking I/O model that makes it optimized for data-intensive real-time applications that run across distributed devices. Node.js uses Google's V8 JavaScript engine and allows coding in JavaScript along with a package manager called npm. It was created by Ryan Dahl in 2009 and is well-suited for building applications with high throughput and scalability like chat applications, message queuing, and IoT.