Li-Fi is a new technology that uses visible light communication to transmit data wirelessly using LED lights. It has several advantages over traditional Wi-Fi including better security, higher speeds up to 10Gbps, and lower costs. Li-Fi works by switching LED lights on and off very fast to transmit binary code for data transmission. It has applications in fields like hospitals and airlines. Issues include interference from other light sources and inability to transmit data without a light source. Overall, Li-Fi is expected to lead to cleaner, greener and safer wireless communications.