Ruby on Rails, often simply referred to as Rails, is an open-source web framework written in the Ruby programming language. It was developed by David Heinemeier Hansson and his team at Basecamp (formerly known as 37signals) and was first released in 2004.

Rails is based on the Model-View-Controller (MVC) pattern and was designed to accelerate and simplify web application development. It follows the principle of "Convention over Configuration," which relieves developers from the need to manually configure many settings since Rails makes many decisions based on conventions for them.

Some of the key features of Ruby on Rails are:

1. Scaffolding: Rails provides the ability to quickly generate basic models, views, and controllers with just a few commands, speeding up the development process.

2. ActiveRecord: Rails includes an implementation of "ActiveRecord," which simplifies working with the database, allowing developers to represent database tables as Ruby classes.

3. RESTful Routing: Rails uses RESTful routing principles to map URLs to controller actions, creating a clear and consistent structure for the web application.

4. Templating: Rails uses the Ruby template engine "ERB" (Embedded Ruby) by default to enable the separation of presentation and logic.

5. Gems: Rails utilizes "Gems," which are Ruby libraries, to extend the functionality of applications and easily integrate third-party packages.

6. Conventions: Rails is heavily convention-based, providing a clear structure for projects to improve code readability and maintainability.

Ruby on Rails has a passionate developer community and is renowned for its productivity and simplicity. It is commonly used for web application development, content management systems, e-commerce platforms, and social networks. Rails has a vast number of plugins and extensions that can ease development and extend functionality.