WordPress is a free and open-source content management system (CMS) that was originally released in 2003. It powers over 70 million websites and is used as both a blogging platform and CMS. WordPress is constantly evolving and improving, with thousands of plugins, widgets, and themes available. It is easy to use, flexible, extensible, and has strong support and SEO optimization features. To install WordPress, the minimum requirements are PHP version 5.6 or greater and MySQL version 5.6 or greater. The installation process involves downloading WordPress, uploading files to a web server, creating a database, configuring WordPress, and running the installation script.