Flash
Flash is a technology that allows web browsers to display dynamic and intractive content such as audio, video and svc (scalable vector graphics) used for games and other interactive graphic applications.Adobe is the creator of Flash and retains full control over Flash format. Flash is a browser plug in - apiece of software that works on a black box on top of the browser and has to be installed seperately from your browser and operating system.
HTML5
HTML5 runs in the browser not on top of it. With HTML5 rich dynamic functionality runs from code within the native HTML page. It is executed by the browser, not a seperate Flash pug in.
In todays world technology is always changing, so it is just a matter of time before something comes along and is just a little better than the last. I think HTML5 ius a positive direction.
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