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We have 500.000 visitors / month to our website portfolio of 20 websites from both the EU and US and hosted our websites at various hosting providers (both US and EU). We are looking to centralize this more, but we need to have a good uptime and a fast load time when visiting from the US and EU.<br />
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How can we create a solution with load balancing to have fast load times from both the US and the EU? <br />
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We would like to have a solution that is both<br />

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Cost-effective
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Good and reliable
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And: how does DNS load balancing work exactly?
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We have 500.000 visitors / month to our website portfolio of 20 websites from both the EU and US and hosted our websites at various hosting providers (both US and EU). We are looking to centralize this more, but we need to have a good uptime and a fast load time when visiting from the US and EU.

How can we create a solution with load balancing to have fast load times from both the US and the EU? 

We would like to have a solution that is both
Cost-effective
Good and reliable

And: how does DNS load balancing work exactly?

What is the best and most cost effective solution to our hosting problem?

The Domain Name System (DNS) is a hierarchical, globally distributed system responsible for associating the name of a computer, service or other resource into an IP address for connecting to the Internet or a private network. Most prominently, it translates domain names to the numerical IP addresses needed for the purpose of computer services and devices worldwide.