Ditto on the search thing, but you'll probably find just a bunch of fights and nonsense.
Ok Im assuming your 100% ignorant in this subject (which I doubt) so here it goes: Blu-Ray developed by Sony and others (vs Toshiba's hd-dvd), it has 25GB per layer (50gb max in one cd vs. 30gb max in hd-dvd), is a must that every media (movies) inserted in the disc are full 1080p (hd-dvd does not ask for this although it also does 1080p) Blu-Ray has a "hard" coating that makes it less prone to scratches (its true, experienced my self). Blu-Ray is slightly more expensive right now. Blu-ray IMO is better (PS3 user) and has apparently won the "hd format war" and as far as Im concerned it will set the new standard for HD video.BD has regions, not as many as DVD but still has them, BD is supported by 70% of the mayor studios. More technically speaking BD uses some "more advanced" codecs and other technical stuff I really don't care/understand about. Hope this was helpful.
-Victor