HTTP/2 is a new version of the HTTP network protocol that improves performance and efficiency over HTTP/1.1. It uses a binary format and multiplexing to allow multiple requests and responses to be delivered over the same connection. HTTP/2 also supports server push, request prioritization, header compression and other features to reduce latency and improve page load times compared to HTTP/1.1. Major browsers and companies like Google and Twitter are implementing HTTP/2, and it is expected to become the new standard for the web.