ReactJS is a UI library that helps improve development velocity (O(DevTime)) by keeping codebases small and flows unidirectional. It has built-in support for testing and renders views as a pure function of state, making updates efficient and abstractions non-leaky. The document discusses how ReactJS helped reduce one codebase from 175,000 lines to 46,000 lines while also lowering the onboarding time for new members from 2-3 weeks to 1 day. Enemies of development velocity like poor test coverage, complex flows, state management, and leaky abstractions are avoided with React's functional approach.