Golang, developed by Google, is an open-source, procedural, statically-typed, compiled programming language built for ease of coding, efficient compilation, and execution. It excels in concurrency, making it suitable for modern cloud and networking applications, and features automatic garbage collection, differentiating it from C and C++. With advantages like faster compilation, better readability, and support for dynamic memory management, Golang is positioned as a viable next-generation programming language.