Light Fidelity (Li-Fi ) is a bidirectional, high speed and fully networked wireless communication technology similar to Wi-Fi. The term was coined by Harald Haas and is a form of visible light communication and a subset of optical wireless communications (OWC) and could be a complement to RF communication (Wi-Fi or Cellular network), or even a replacement in contexts of data broadcasting. It is so far measured to be about 100 times faster than some Wi-Fi implementations, reaching speeds of 224 gigabits per second.
It is wireless and uses visible light communication or infra-red and near ultraviolet (instead of radio frequency waves) spectrum, part of optical wireless communications technology, which carries much more information, and has been proposed as a solution to the RF-bandwidth limitations.
Source – Wikipedia