ASP.NET Core is an open source web framework for building modern web applications that can be developed and run on Windows, Linux and the Mac. It includes the MVC framework, which now combines the features of MVC and Web API into a single web programming framework. ASP.NET Core is built on the .NET Core runtime, but it can also be run on the full .NET Framework for maximum compatibility.
 
While there is a lot of feature compatibility with older versions, it does not have what you would call code compatibility meaning that you can't just run your old ASP.NET code in ASP.NET Core without a fair bit of change.
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