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Flutter is an open-source UI toolkit developed by Google for building natively compiled applications for mobile, web, and desktop from a single codebase. It uses the Dart programming language and offers a rich set of pre-designed widgets, allowing developers to create beautiful, responsive user interfaces with ease. With features like hot reload, which enables real-time updates during development, Flutter enhances productivity and fosters a smooth development experience. Its flexibility and performance make it a popular choice for both startups and large enterprises.