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What Is Jailbreaking?
Jailbreaking Glossary
Jailbreaking: The process of bypassing restrictions on iPhones and iPads to install other apps and tweaks not approved by Apple.
Rooting: A process similar to jailbreaking for hacking Android devices, game consoles, and so on. "Rooting" and "jailbreaking" are often used interchangeably.
Root: The "superuser" on various operating systems such as Android, iOS, and Mac OS X. When you gain "root" access via jailbreaking or rooting, you can access and modify every file on your gadget.
Many smartphone, tablet, and game console makers include a layer of Digital Rights Management (DRM) software on their products. This DRM exists either to limit the software you can run on it, or is there for security reasons. Jailbreaking is the process of hacking these devices to bypass DRM restrictions, allowing you to run "unauthorized" software and to make other tweaks to your operating system.
More technically, jailbreaking can be thought of as the process of installing "a modified set of kernel patches (the kernel being the supervisor of the operating system) that allow you to run unsigned code," as saurik explains. It also gives you root-level access, which is otherwise unavailable. The term "root" comes from UNIX, where it is the superuser account that has unrestricted rights and permissions to all files. This provides you with added flexibility, but it also has some inherent dangers (more on that later).
You can alter or install anything onto your phone or tablet such as UI hacks (like the 5-icon dock) or unofficial apps (like classic console emulators) that would not otherwise be accepted into the App Store.
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Note: May Work For Other Apple Products Such As An iPod or iPhone.