Synopsis What is Buddhism? The Buddhism, an organized religion of the sixth Century BC, was founded by Gautama or Prince Sidhartha in the Himalyan region based upon his supreme achievement of “Enlightenment or Awakening” – bodhi; the state of realization of an arhat or a Buddha following the four noble truths which is known as the Turning of the Wheel of the Four Noble Truths/catvari satyadharmacakra.