For a more in-depth explanation:
You got the concept wrong when you imagined it to be millions of LEDs flashing the different hues of colors to give you a display - all these kind of monitors are made of invariably 2 layers - a front layer of LCD (Liquid Crystal Display or Liquid Crystal Diode) that makes up the dots you see as pixels, along with the display of color.
![alt text](../../I/static/images/5889008f44210a67af37496ee30ceabe757f2855c24e277662a030d2ac557f57.jpg)
This LCD layer is then back-lighted using light tubes at the back, giving it brightness. Formerly, LCD displays use to use CCFL (Cold Cathode Flourescent Lamp) as a light source at the back, but however in recent years there has been a marked shift towards the use of LED (Light Emitting Diode) as a back-light source. The advantages of LEDs are as follows:
- Faster Turn On: LEDs can reach
maximum brightness faster than
CCFLs, in fact almost instantly.
- More Neutral Colors: CCFLs are known
to give a warm/yellowish tint. LEDs
have a more neutral whitepoint.
- Brighter: LEDs are brighter
generally than CCFLs, thus allowing
a display to achieve even higher
maximum brightness.
- Thinner: The
reason LEDs are coming into
prominence is that it was driven by
the notebook sectors - LED
back-lighting can be made thinner
than CCFL back-lighting.
- Longer-Lasting: Apparently, LEDs are
rated for more life than CCFLs. Also
the degradation over time is less
severe than CCFLs.
Well, these are the primary reasons why LED-based LCDs are considered to be better than CCFLs. They still come with a price premium though.
Note that although "LED monitors" are not what you once imagined them to be, "OLED monitors" are actually exactly that: millions of tiny (organic, hence the "O") LEDs forming subpixels of the screen. Yes, marketing is confusing. – Ruslan – 2019-12-01T10:16:12.590