Magnet is a URI scheme that defines the format of magnet links, a de facto standard for identifying files (URN) by their content, via cryptographic hash value rather than by their location.
Although magnet links can be used in a number of contexts, they are particularly useful in peer-to-peer file sharing networks because they allow resources to be referred to without the need for a continuously available host, and can be generated by anyone who already has the file, without the need for a central authority to issue them. This makes them popular for use as "guaranteed" search terms within the file sharing community where anyone can distribute a magnet link to ensure that the resource retrieved by that link is the one intended, regardless of how it is retrieved.
History
The standard for Magnet URIs was developed by Bitzi in 2002, partly as a "vendor- and project-neutral generalization" of the ed2k: and freenet: URI schemes used by eDonkey2000 and Freenet (now Hyphanet), respectively, and attempts to follow official IETF...
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