Definition
Wi-Fi is the wireless local area network technology based on the IEEE 802.11 family of standards, with the Wi-Fi Alliance owning the trademark and certification. The signal from a home router is Wi-Fi.
How it works
Devices communicate with an access point over unlicensed bands such as 2.4 GHz, 5 GHz, and (in some regions) 6 GHz, using mechanisms like OFDMA to share the wireless channel among many devices. The 802.11 standards keep evolving, and the Wi-Fi Alliance brands generations (such as Wi-Fi 6) for consumers.
Usage
Home broadband coverage, café and airport hotspots, office wireless, and smart-home devices all ride on Wi-Fi. Being inexpensive and license-free, it is the most widespread wireless access method alongside cellular.
Related and confusable terms
5G is the wide-area cellular counterpart, and the two are complementary: cellular on the go, Wi-Fi indoors. Wi-Fi is also often confused with Bluetooth, which targets short-range peripheral links rather than network access.