diff --git a/README.md b/README.md
index 3b622d33a..9931084f6 100644
--- a/README.md
+++ b/README.md
@@ -31,25 +31,11 @@ The full API is documented [here](https://lbry.io/api).
 
 ## What is LBRY?
 
-LBRY is a fully decentralized network for distributing data. It consists of peers uploading
-and downloading data from other peers, possibly in exchange for payments, and a distributed hash
-table, used by peers to discover other peers.
+LBRY is a protocol providing fully decentralized network for the discovery, distribution, and payment of data. 
 
-On LBRY, data is broken into chunks, and each chunk is content
-addressable, specified by its sha384 hash sum. This guarantees that
-peers can verify the correctness of each chunk without having to know
-anything about its contents, and can confidently re-transmit the chunk
-to other peers. Peers wishing to transmit chunks to other peers
-announce to the distributed hash table that they are associated with
-the sha384 hash sum in question. When a peer wants to download that
-chunk from the network, it asks the distributed hash table which peers
-are associated with that sha384 hash sum. The distributed hash table
-can also be used more generally. It simply stores IP addresses and
-ports which are associated with 384-bit numbers, and can be used by
-any type of application to help peers find each other. For example, an
-application for which clients don't know all of the necessary chunks
-may use some identifier, chosen by the application, to find clients
-which do know all of the necessary chunks.
+It utilizes the [LBRY blockchain](https://github.com/lbryio/lbrycrd) as a global namespace and database of digital content. Blockchain entries contain searchable content metadata, identities, and rights and access rules.
+
+LBRY also provides a data network consists of peers uploading and downloading data from other peers, possibly in exchange for payments, and a distributed hash table, used by peers to discover other peers.
 
 ## Contributions