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Ask HN: Cloudfare, why use it?

I am just stuck on what exactly clodefare does. Can you guys explain to a noob on the benefits of using clodefare vs another DNS provider, like either hosting your own, or your hosting providers DNS?
( 1 comment | 3 points | on HN )
Re:Ask HN: Cloudfare, why use it? by bengunnink on Saturday July 12, 2014 @12:03AM (#8023675)
Strictly speaking, size and distribution. You only mentioned DNS, but it's worth noting that CloudFlare isn't just a DNS provider; it's also basically a big CDN, or actually more like a great big proxy server.

(Note: I've never actually used CF, so this is all simply my understanding).