Unix is a multi-user, multi-tasking operating system developed at Bell Labs in the 1960s using a command line interface and featuring security, portability, and efficient memory management through processes, files, and directories. It allows multiple users to access the system simultaneously running many programs through its kernel which separates processes and regulates hardware access. Key aspects of Unix include its graphical and command line interfaces, process management through states and system calls, memory management using swapping and demand paging, and file management with ordinary, special, and directory file types.