This document provides an overview of the BLAST algorithm for calculating sequence similarity and its various outputs. BLAST (Basic Local Alignment Search Tool) finds local alignments between biological sequences and produces outputs in various formats including pairwise alignments, hit tables, and structured outputs like ASN.1 and XML. It works by creating a lookup table of words from the query and scanning the database for matches to initiate gapped or ungapped extensions. The document discusses strategies for improving BLAST throughput, such as using MegaBLAST for very similar sequences, increasing word size thresholds, and concatenating queries to minimize database scanning.