Wi-Fi uses radio waves to transmit data through the air according to the IEEE 802.11 standards. It allows computers and other devices to connect to the internet and each other wirelessly. The 802.11 standards include 802.11b, 802.11a, 802.11g, 802.11n, and 802.11ac which provide different speeds and capabilities. Wi-Fi networks use access points, wireless cards, and security protocols like WEP, WPA, and WPA2 to transmit data securely between devices over short ranges.