It is a distributed source control management tool. This system is designed for managing projects of varying sizes and complexities. It provides tools for tracking changes made to files over time, enabling collaboration among developers, and reverting to previous versions of code if necessary. As an illustration, a development team could utilize this system to manage the source code for a web application, tracking each modification and allowing multiple developers to work concurrently without conflicts.
Its significance lies in facilitating efficient teamwork, enhancing code quality through version tracking, and providing a robust mechanism for handling code merges and conflicts. Historically, it emerged as an alternative to centralized version control systems, offering advantages in speed, offline functionality, and branch management. This approach has empowered developers with greater flexibility and control over their codebases.