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In an electronic circuit a diode acts in the same as a rubber valve in a bicycle tire. The valve allows the pumped air to enter from one side and blocks from the other . Similarly a rectifier diode allows the flow of current only through one direction. Thus it is used as a polarity guard in electronic circuits to avoid the dangers of an accidental reversal of supply voltage.
Another important function of a rectifier diode is rectification, i.e. converting an alternating current(AC) to direct current. The voltage in an AC changes from positive to negative and vice versa number of times per second. Depending upon the connection, a rectifier diode will allow only a positive or a negative cycle to pass and block the other. Thus the output will be either purely positive or negative. This is known as rectification. This property is well exploited and used in power supplies, AC/DC adapters, battery chargers etc. But it is important to know that a diode will need a minimum input voltage of at least 0.7 volts across it to successfully carry on the above procedure of rectification or in smple words, a diode needs at least 0.7 volts to satisfactorily initiate the conduction of electricity. Its called the low forward voltage drop of a rectifier diode.