Shotcut is a free, open-source and cross-platform video editor.

The program uses the popular FFmpeg to import source files, which means there's no need to worry about format support: it'll open just about every video variant that's ever existed.

There's also support for capturing resolutions up to 4k from SDI, HDMI, webcam, JACK & Pulse audio, IP stream, X11 screen and Windows DirectShow devices.

A straightforward interface ensures you'll be up-to-speed immediately, and offers plenty of ways to customise your working environment.

There are lots of video filters, from simple colour/ brightness/ contrast tweaks, fade ins and outs, transitions and so on, to special effects, video compositing and blending modes, chroma key, HTML overlay and more.

Shotcut offers almost as many audio effects and filters, with fades, balance, bass and treble, band pass, delay, downmix, normalize, pan, reverb and more.

All this is editable on a highly configurable multitrack timeline, then exported in whatever video format you need.

v20.04.12 adds (see changelog for more):

- Added Properties > Speed > Pitch Compensation for automatic pitch correction for speed changes > 0.1x.
- Added a Replace command to Timeline clip menu including blank regions with shortcut R.
Properties > Reverse now automatically replaces a selected clip on the timeline (or in Source player if using that).
- Added 15 second handles when using Properties > Reverse on a timeline clip. Handles are extra footage before the in point or after the out point. This makes it easier to adjust edits or add transitions around reversed clips.
- Added Properties > Duration > Timeline to show (not editable) the duration of a timeline clip.
- Added a Corner Pin video filter (thanks to @sauron in the forum for the initial effort).
- Added a Properties > Convert button to make Convert to Edit-friendly in the menu more convenient (kept in the menu for now because a number of support tips reference it).

Verdict

Shotcut isn't for the complete video editing novice, but it's not difficult to use, and if you're willing to spend time learning the basics then there's a lot of power just waiting to be unleashed.