w3wp.exe is a process associated with the application pool in IIS. If you have more than one application pool, you will have more than one instance of w3wp.exe running. This process usually allocates large amounts of resources. It is important for the stable and secure running of your computer and should not be terminated.
Non-system processes like w3wp.exe originate from software you installed on your system. Since most applications store data in your system's registry, it is likely that over time your registry suffers fragmentation and accumulates invalid entries which can affect your PC's performance. It is recommended that you check your registry to identify slowdown issues