The document discusses the Radix-2 discrete Fourier transform (DFT) algorithm. It explains that the Radix-2 DFT divides an N-point sequence into two N/2-point sequences, computes the DFT of each subsequence, and then combines the results to compute the N-point DFT. It involves decimating the sequence, computing smaller DFTs, and combining results over multiple stages. The Radix-2 algorithm reduces the computation from O(N^2) for the direct DFT to O(NlogN) operations.