This document provides an overview of liposomes, including their structure, advantages, disadvantages, components, preparation methods, characterization, and applications. Liposomes are spherical vesicles composed of phospholipid bilayers that can encapsulate aqueous volume. They were first produced in 1961 and range in size from 20 nm to several micrometers. Liposomes provide benefits like selective targeting to tissues, increased efficacy, reduced toxicity, and improved pharmacokinetics. Common preparation techniques include lipid film hydration, microemulsification, sonication, and detergent removal. Liposomes are characterized based on their physical properties and are used to deliver drugs for diseases like cancer, fungal infections, and more.