Li-Fi, or 'light fidelity,' is a technology that transmits data using light-emitting diodes (LEDs), offering high-speed data transmission via visible light communication. Developed by scientists at the University of Edinburgh, Li-Fi overcomes limitations of radio spectrum-based wireless technologies, providing faster speeds, higher bandwidth, and enhanced security. Its potential applications include in-house communication, traffic light systems, aircraft cabins, and utilizing street lamps as internet access points.