Python is an open source, object-oriented programming language that is easy to read and supports multiple programming paradigms. It was created by Guido van Rossum in 1989 and its development is community-driven. Python code is structured and readable using indentation and it supports features like exception handling, dynamic typing, and memory management. It can be used for web development, science, gaming, and more. Popular implementations of Python include CPython, Jython, IronPython, and PyPy.