Another way of thinking about a standard content-addressable dht is a library building where each members enters holding the library's guide book. You use your guide book to find the row, cabinet, shelf and position of the book you want.
The more advanced approach would be if the library member walks into the building empty-handed, and first goes to row 1, cabinet 1, shelf 1, position 1 to find the guide book, which itself is stored there as just another book in the library.
It's true that this index needs to be updated each time one library book changes, so this is not an efficient database system for data that changes often and for which the version history needs not be remembered.
Cheers,
Michiel.