Liposomes are spherical vesicles made of phospholipid bilayers that can encapsulate drugs for delivery. They range in size from 25nm to 5000nm. Liposomes are prepared through methods like lipid film hydration, microemulsification, sonication, or membrane extrusion. They offer advantages for delivering both hydrophobic and hydrophilic drugs and allow for controlled release. Liposomes can be classified based on their structure, preparation method, composition, and application.