git db is an experimental research project, aiming to combine a number of emergent technologies to enable a new platform of social-networking building, buzzword-coining computing.
Seriously though, its essence is a hybrid/relational data store, built to run on top of the git source control management system. The idea is to use this distributed store for data-centric applications from turn-based games to public databases such as Freebase, to social applications from photo-sharing sites to your contacts database.
Being based on git gives a large advantage when it comes to read-only replication, as this is almost the simplest operation the store supports. Already this allows a huge amount of horizontal scalability of applications. It's also very convenient for synchronising, as any developer who has ever had to work on multiple computers and experienced the liberation of distributed version control knows. As every computing result can be completely represented and audited by a single SHA1 ID, there are also benefits with processing parallel updates, with transaction integrity able to be parallelized by writers and not by a central point¹.
This flexible system allows for a number of clustering options for updates, safe modes from single writer to multi-master with quorum, to BASE arrangements which tolerate network partitions by providing rules for handling data differences. For more on this see scalability.
For more information on its design, see the design page.
There is also a list of features excluded from the first specification.
¹ - an as-yet unproven postulation, it is true.