Chromatic aberration is a type of optical distortion that occurs when a lens fails to focus all colors of light to the same convergence point, resulting in a blurred or colored fringe around the edges of an image. This phenomenon arises due to the wave nature of light, as different wavelengths are refracted by varying amounts when passing through a lens, leading to color separation. Chromatic aberration can significantly affect the performance of optical instruments such as cameras and telescopes, making it essential to understand and mitigate this effect.