P versus NP problem

The P versus NP problem is a major unsolved problem in computer science. Informally speaking, it asks whether every problem whose solution can be quickly verified by a computer can also be quickly solved by a computer.

The underlying issues were first discussed in the 1950s, in letters from John Nash to the National Security Agency, and from Kurt Gödel to John von Neumann. The precise statement of the P versus NP problem was introduced in 1971 by Stephen Cook in his seminal paper "The complexity of theorem proving procedures" and is considered by many to be the most important open problem in the field. It is one of the seven Millennium Prize Problems selected by the Clay Mathematics Institute to carry a US$1,000,000 prize for the first correct solution.

The informal term quickly, used above, means the existence of an algorithm solving the task that runs in polynomial time, such that the time to complete the task varies as a polynomial function on the size of the input to the algorithm (as opposed to, say, exponential time). The general class of questions for which some algorithm can provide an answer in polynomial time is called "class P" or just "P". For some questions, there is no known way to find an answer quickly, but if one is provided with information showing what the answer is, it is possible to verify the answer quickly. The class of questions for which an answer can be verified in polynomial time is called NP, which stands for "nondeterministic polynomial time."

Consider the subset sum problem, an example of a problem that is easy to verify, but whose answer may be difficult to compute. Given a set of integers, does some nonempty subset of them sum to 0? For instance, does a subset of the set {−2, −3, 15, 14, 7, −10} add up to 0? The answer "yes, because the subset {−2, −3, −10, 15} adds up to zero" can be quickly verified with three additions. There is no known algorithm to find such a subset in polynomial time (there is one, however, in exponential time, which consists of 2ⁿ-n-1 tries), but such an algorithm exists if P = NP; hence this problem is in NP (quickly checkable) but not necessarily in P (quickly solvable).

...
Wikipedia