Gevent is a concurrency library for Python that uses greenlets, or lightweight coroutines, to provide asynchronous operations and non-blocking I/O. It allows developing highly concurrent applications using a simple and familiar synchronous style. The document discusses gevent's use of greenlets, event loops, asynchronous execution, and how it provides solutions for common issues like callback hell, non-determinism, and blocking calls. It also compares gevent to other asynchronous frameworks like asyncio and highlights how both use coroutines and scheduling to enable concurrent behaviors.