A:AnswerUniversal Serial Bus. The WD easystore is USB 3.0. It's much faster than 2.0. The USB cable connects to your PC or video game console, the other end of it is connected to the external HDD with SATA port.
A:AnswerYes you can, I actually got this as a gift to my brother for his Xbox One. I use a similar line of the same brand for my PS4 pro. So yes, you can use it for the PS4 :)
A:AnswerAbsolutely. I've been using it on my PS4 since September, and it's been working great. It does have to be formatted specifically to the console when you first use it, which won't allow you to use it on a computer afterwards. That said, if you're only concerned about using it on the PS4, then you have nothing to worry about.