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The Java Runtime Environment (JRE) is a set of software tools for developing Java applications. It is part of the Java Development Kit (JDK) and provides the minimum requirements for executing a Java application. JRE includes the Java Virtual Machine (JVM), core classes, and supporting libraries.

JRE compatibility is a crucial aspect for many software applications, including web-based applications, standalone software, and integrated development environments (IDEs).

Oracle follows a strict versioning system for Java. Each new version includes various updates, including security fixes, new features, and changes in the existing APIs. Developers need to pay close attention to these changes to ensure their applications remain compatible with the latest JRE versions.