PN junction diodes allow current to flow in one direction but not the other. When forward biased, the diode conducts fully and current flows. When reverse biased, the diode blocks current flow. Ideal diodes have no resistance and no voltage drop when forward biased, and infinite resistance when reverse biased. Diode characteristics include forward voltage drop, maximum current and power dissipation, and reverse breakdown voltage. Diodes are specified based on these operating limits and parameters.