Voids form a prominent aspect of the Megaparsec distribution of galaxies and matter. Not only do they
represent a key constituent of the Cosmic Web, they also are one of the cleanest probes
and measures of global cosmological parameters. The shape and evolution of voids are highly sensitive to
the nature of dark energy, while their substructure and galaxy population provides a direct key to the
nature of dark matter. Also, the pristine environment of void interiors is an important testing ground
for our understanding of environmental influences on galaxy formation and evolution. In this paper, we review
the key aspects of the structure and dynamics of
voids, with a particular focus on the hierarchical evolution of the void population. We demonstrate
how the rich structural pattern of the Cosmic Web is related to the complex evolution and buildup
of voids.