Li-Fi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission. It can provide higher speeds than Wi-Fi and has a wider bandwidth. Li-Fi works by varying the intensity of light from an LED to transmit data, with off-the-shelf LED bulbs able to transmit data at speeds up to 100 times faster than Wi-Fi. It offers several advantages over Wi-Fi as the light spectrum is much larger and radio frequencies are becoming crowded. However, Li-Fi also faces challenges as it requires line of sight and has a limited range.