WebAssembly is a new technology that allows fast applications to run in the browser. It compiles languages like C/C++/Rust to a binary format that runs on a web virtual machine. WebAssembly complements JavaScript by enabling heavier processes to run faster without installation. While it won't replace JavaScript, WebAssembly has already improved performance for apps like games, 3D modeling software, and web frameworks like Blazor. Rust is a good language for WebAssembly as it compiles to a safe binary and integrates well with JavaScript using bindings.