Traefik is a dynamic load balancer developed in Go, designed for microservices, supporting HTTP/2 and integrations with several orchestration tools like Docker and Kubernetes. It automates the discovery of containers and dynamically manages routing based on real-time changes, with main concepts including entrypoints, backends, and frontends. The document discusses traditional load balancing methods, the challenges they face in a microservices environment, and how Traefik addresses these issues.