This version requires a license, either a registration code (allows two installations) or a USB license dongle (that must be connected at all times). Studio version - Relatively cheap (~300€) version that has no limitations, all features are available.
Does not utilize a GPU as much as the paid Studio version.
For many uses and users this version does pretty much everything you might need for video editing. It has some limitations on used export resolutions, available plugins and some of the more advanced features (noise reduction, effects, audio and video encoders/decoders, interlaced video handling, GPU usage). Free version - Free to download and use.There are two versions available of Blackmagic Design DaVinci Resolve, the free version and the paid studio version:
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