BitTorrent is a peer-to-peer file sharing protocol that allows users to distribute large files over the Internet. It breaks files into pieces that are distributed among users and reassembled, with each peer sharing pieces they have with others simultaneously. A central tracker coordinates peers to efficiently locate pieces from each other without relying on a single server. BitTorrent has grown to account for a significant portion of Internet traffic due to its decentralized, robust, and high-performance distribution of files.