1. PageRank is an algorithm developed by Larry Page and Sergey Brin to rate the importance of web pages by analyzing the link structure of the web. It assumes that more important pages are likely to receive more links from other pages.
2. PageRank models a user randomly clicking on links, getting bored, and randomly jumping to another page, with pages that are frequently visited in this random walk receiving a higher PageRank.
3. PageRank was a key part of the original Google search engine, which used it to help sort search results from most to least relevant. It remains an important algorithm for search engines today.