Load balancing is a way to distribute the incoming traffic into multiple backend servers, which is useful to ensure the application available to the users.
All the incoming traffic lands to a single IP address on the load balancer which is a way to expose your service to outside the internet which routes the incoming traffic to a particular pod (via service) using an algorithm known as round-robin. Even if any pod goes down load balances are notified so that the traffic is not routed to that particular unavailable node. Thus load balancers in Kubernetes are responsible for distributing a set of tasks (incoming traffic) to the pods
