The Amiga 500 is a personal computer released by Commodore in 1987. It was part of the Amiga line and became popular for its advanced graphics and sound capabilities, making it ideal for gaming and multimedia applications. The system featured a 16-bit processor and came with 512 KB of RAM, which could be expanded. The Amiga 500 was known for its user-friendly interface and support for various software, including video editing and graphic design programs. It played a significant role in the development of home computing and gaming during the late 1980s and early 1990s, influencing future computer designs.