V8 is the JavaScript engine used in Google Chrome and Node.js. It aims to make large JavaScript programs run faster through techniques like JIT compiling, hidden classes, inline caching, and precise garbage collection. Hidden classes optimize property access by generating custom classes for objects with similar properties, similar to static typing. Inline caching caches property lookups to avoid hidden class traversal. Precise garbage collection handles memory management. Overall, V8 uses modern techniques to address problems like JavaScript's dynamic nature and improve performance of JavaScript programs.