MontageJS is a framework for building interactive web applications using components. It features a component system, deferred drawing for performance, and functional reactive bindings (FRB) to propagate changes between components. MontageJS provides tools to create, build, and optimize projects, including a command line tool to bundle and minify code for production deployment. Components are defined in JSON and linked to DOM elements, and FRB bindings allow data to flow between component properties and update automatically.