This component is ideal for outputting your most recent news posts, or even links to featured pages. In the WordPress backend on the left sidebar, there is an item called Theme Settings > Colors, where you can change certain colours of the Post Grid, among other things.
Using as a Block
This block can be found by this icon:
To edit the block, you can either click it and look at the right sidebar to see a list of options or you can click the Switch to Edit button and edit it from there.
The Switch to Edit button will show when you click the block and it looks like this:
The default settings are as follows:
This works the exact same way as the shortcode, except you can see how it will show up on the page right in the Gutenberg editor.
Using as a Shortcode
type – choose the Post Type for the posts you want to show, this can be multiple, comma-separated post types
Options: page, post, (any Custom Post Types)
Default: page, post
layout – choose the layout style for the posts to output
Options: grid, list
order – choose the order for the posts to output (forward or reversed)
Options: ASC, DESC
orderby – choose the order which the shortcode receives posts by