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WordPress is an extremely popular, Web-based software program powered by PHP and MySQL that anyone can use to build and maintain a website or blog. It was originally intended as an easy way to set up a blog. But, thanks to the efforts of a large "open source" community of WordPress programmers working to extend and improve its capabilities, WordPress has become much more than just a tool for bloggers.
The following is a list of some of the features that come standard with WordPress, however there are literally hundreds of plugins that extend what WordPress does, so the actual functionality is nearly limitless. You are also free to do whatever you like with the WordPress code, extend it or modify in any way or use it for commercial projects without any licensing fees. That is the beauty of free software, free meaning not only price but also the freedom to have complete control over it.