What is fedora project ?

Dear friend....
my name is bunty...
i'm new to the linux technology.,
but its quite interesting...
i'd like to know that what is the latest version of linux redhat and whether
it is suitable for the use as Operating System of my personal computer...

or would anyone suggest which version of linux redhat is best suitable for
home use...?

.moreover id also like to know about the Fedora project..

i'd be highly obliged if you would help me out..

thanking you,
Sincierly Yours,
Bunty.
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