Diodes are semiconductor devices that allow current to flow in one direction while blocking it in the opposite direction. Understanding the voltage-current (V-I) characteristics of diodes is crucial for circuit analysis, particularly in both DC and AC applications. The diode equation, I = I_s (e^{\frac{qV}{kT}} -1), is fundamental for calculating current flow. The discussion also touches on the reverse breakdown characteristic, which is essential for Zener diodes. Additionally, there is curiosity about the existence of vacuum tube equivalents to Zener diodes, leading to further exploration of historical resources.