BitTorrent is a peer-to-peer file sharing protocol that enables users to efficiently distribute large files over the internet by breaking them into smaller pieces and allowing simultaneous downloads from multiple sources. Originating from programmer Bram Cohen in 2001, it maximizes transfer speeds while minimizing server burden, making it advantageous for users sharing data. However, it has limitations regarding anonymity, potential leeching behavior, and average download speeds dependent on peer upload capacities.