The memristor, introduced by Priyanka, is a fourth fundamental passive element whose resistance changes based on flux and current, allowing it to remember past electrical states. It operates using titanium dioxide (TiO2) and exhibits advantages such as non-volatility, high density, and compatibility with existing technologies, making it suitable for applications in artificial intelligence and neuromorphic circuits. The memristor is expected to revolutionize circuit design in the 21st century, similar to the impact of transistors in the 20th century.