Content Moderation allows you to apply <a href=":workflows">Workflows</a> to content, custom blocks, and other <a href=":field_help" title="Field module help, with background on content entities">content entities</a>, to provide more fine-grained publishing options. For example, a Basic page might have states such as Draft and Published, with allowed transitions such as Draft to Published (making the current revision "live"), and Published to Draft (making a new draft revision of published content).