What is F1 or Formula 1 racing?

Context: Formula One is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile. The FIA Formula One World Championship has been one of the premier forms of racing around the world since its inaugural season in 1950. The word formula in the name refers to the set of rules to which all participants' cars must conform. A Formula One season consists of a series of races, known as Grands Prix. Grands Prix take place in multiple countries and continents around the world on either purpose-built circuits or closed public roads.

Answer: Formula 1 is the best and most technical open-wheel single-seater racing car form. It is very technical because the cars are built with the latest and bleeding technology in aerodynamics and every other field in science to make the car as fast as possible. The races happen every year across all the continents on dedicated circuits or public roads converted to a race track for the race weekend.