The basic phenomenology of heavy‐ion physics at high energies is reviewed. We discuss the phase diagram of strongly interacting matter, the properties of the different phases, and the dynamical evolution of a heavy‐ion collision. Several observables have been suggested as a signature for a new state of matter, the quark–gluon plasma. These include strangeness enhancement, jet quenching, and suppression. The main results of these measurements are summarized. In addition, global aspects of heavy‐ion collisions, such as centrality determination, particle production, and collective flow are addressed. The current experimental results suggest that indeed a new state of matter is formed in heavy‐ion collisions, which has the properties of an ideal liquid. Finally, an outlook on the future developments in this field is given.