1) Ceph is an open source distributed storage system that provides scalable, fault-tolerant storage and manages petabytes of data across clusters of commodity hardware.
2) It uses Object Storage Daemons (OSDs) that serve storage objects and replicate data across peers for redundancy. Multiple OSDs can be grouped in monitor nodes that track cluster state.
3) Ceph offers self-healing capabilities through redundancy and allows data to be placed close to applications for performance. It provides APIs and integration with clouds for flexible, software-defined storage.