Lantern

Lanterns are blocks that emit light.

Soul lanterns are turquoise variants crafted from soul torches.

Natural generation
Regular lanterns can generate as lamps or lamp posts above farms and on some buildings in snowy tundra villages. , they can also be found in bastion remnants.

Breaking
When broken with a pickaxe, a lantern drops itself. When broken without a pickaxe, it drops nothing. A lantern always drops if its supporting block is removed.

Trading
Apprentice-level librarian villagers have a 50% or 66.7% chance of selling a regular lantern for an emerald as part of their trades.

Usage
The lantern is a very luminous light source, putting out a light level of 15, while the soul lantern puts out a light level of 10.

Lanterns can be placed above or below most solid blocks, although some require. More information can be found at Opacity/Placement.

When placed below a block the lantern appears to hang. They connect to chains [upcoming: JE 1.16 & BE 1.16.0] seamlessly.

Piglins
Soul lanterns repel piglins.

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Trivia

 * Regular lanterns were likely to be a "replacement" version of the torch if they were added in the 2010 Halloween Update.
 * Lanterns are the fifth animated light-source in the game, the others being magma blocks, sea lanterns, fire and lava.
 * Turtle eggs can support lanterns placed both above and below them, despite the fact that this causes the lanterns to visually float.