Node.js is a platform that lets JavaScript run on the server. It uses an event loop to handle many client requests without waiting for each to finish. This event loop listens for events like incoming requests and triggers code to respond. Node.js uses non-blocking input/output, meaning it can start working on new requests while others are still processing. This makes it fast and efficient for server tasks. The example code shows a simple server that replies with a greeting. The execution table traces how the server starts, receives a request, processes it, sends a response, and waits for more requests. Variables like the event loop state and response status change step by step. Understanding this flow helps beginners see why Node.js is popular for server-side JavaScript.