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This is the famous NodeMCU which is based on ESP8266 WiFi SoC. This is version 3 and it is based on ESP-12E (An ESP8266 based WiFi module). NodeMCU is also an open-source firmware and development kit that helps you to prototype your IoT(Internet of Things) product within a few LUA script lines, and of course you can always program it with Arduino IDE.
NodeMCU is famous for the ESP8266E module with LUA programming language. Now this is more powerful NodeMCU with ESP32 on it.ESP32 is the big brother of ESP8266. It comes with dual core 32-bit processor, built-in WiFi and Bluetooth, more RAM and Flash memory, more GPIO, more ADC, and many other peripherals :)