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What is the V8 JavaScript engine, and what role does it play within the Node.js runtime?

Intermediate

Answer

V8 is Google's open-source, high-performance JavaScript and WebAssembly engine (also used in Chrome), responsible for parsing, compiling (via just-in-time compilation), and executing JavaScript code -- Node.js embeds V8 as its core JavaScript execution engine and extends it with additional C++ bindings exposing operating-system-level capabilities (file I/O, networking, process control) as JavaScript APIs, meaning Node's actual JavaScript language behavior and performance characteristics are largely inherited directly from whichever version of V8 a given Node.js release ships with.
// process.versions shows exactly which V8 version this Node.js runtime is using
console.log(process.versions.v8); // e.g. '11.3.244.8'

// New JavaScript language features become available in Node.js
// as soon as the V8 version it ships supports them
Real-world example A team wondering why a brand-new JavaScript language feature works in the latest Chrome browser but not yet in their production Node.js environment discovers it's because their currently deployed Node.js version bundles an older V8 release that hasn't yet implemented that specific feature, resolved by upgrading to a newer Node.js LTS version.

Common follow-ups: Why does upgrading Node.js sometimes unlock new JavaScript language features, given Node itself doesn't directly implement the language spec?;How does V8's JIT compilation strategy (interpreting first, then optimizing hot code paths) affect a script's performance characteristics over its running lifetime?