Load Balancers are a fully managed, highly available service that can be deployed as easily as a Droplet in DigitalOcean. The goal is to provide simple and intuitive tools for launching, scaling, and managing production applications of any size. Load Balancers cost $10/month with no additional bandwidth charges and are available in all DigitalOcean regions. They distribute incoming traffic across Droplets, allowing the creation of more reliable and performant applications by creating redundancy. Tags can be used to scale applications horizontally, and security features include SSL termination and end-to-end encryption options. The service is part of a broader roadmap that includes improvements such as new storage, security, and networking capabilities.