A tool coming to the latest versions of video editing applications is support for seamless transitions. Picture a scene showing people at a beach, and suddenly the sky zooms in and your in Rome or Paris, but it looks like you're in the same place because the transition glued the two scenes together using the sky. There are plenty of other examples of seamless transition; this magnificent video shows a good selection of them, and is partly responsible for starting the trend.
Support for 4K video source content has become pretty standard in video editing software, but the support varies among the products. For example, some but not all of the applications can import Sony XAVC and XAVC-S formats, which are used by Sony's popular DSLRs, mirrorless cameras, camcorders, and professional video cameras. The same holds true for the H.265 High Efficiency Video Coding (HEVC) standard. Most of the applications here now can import and export HEVC, though there are still a few holdouts.
Videoshop is a powerful video editor for iPhone, that will let you perform a plethora of operations on your videos. You can record clips directly from within the app, or import them from your camera roll. Once you have done that, you can add text to the clip, add narration, merge multiple clips into one, and a lot more. You can also add tilt shift to the video, and add transitions between multiple clips. The tool is definitely very powerful, and you can perform a lot of manipulations on your videos using Videoshop.
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Free video editing software often comes with legal and technical limitations, however. Some widely used codecs require licensing fees on the part of the software maker, meaning they can't offer free software that can handle these standard file formats. That said, the impressive open-source Shotcut does a lot of the same things that the paid applications in this roundup do, including things like chroma-keying and picture-in-picture. Shotcut is completely open-source and free, while another free option, Lightworks has paid options that remove a 720p output resolution limit. Note also that both Shotcut and Lightworks run on Linux as well as Windows and Mac.
You can also use the build-in video converter tools to freely convert video/audio format to another format. It is a non-linear tool, which means you can place video clips in the timeline freely. You can also export your video to IG, FB and YouTube, which is powerful as a free video editor. You can also edit 4K and HD videos. For this point, not every free video editor can do.