Currently the most popular alternative to the CRT is the Liquid
Crystal Display (LCD). LCDs are organic molecules that, in the
absence of external forces, tend to align themselves in crystalline
structures. But, when an external force is applied they will
rearrange themselves as if they were a liquid. Some liquid
crystals respond to heat (i.e. mood rings), others respond
to electromagnetic forces.
When LCDs are used as optical (light) modulators they are
actually changing polarization rather than transparency
(at least this is true for the most popular type of LCD called
Super-twisted Nematic Liquid crystals). In their unexcited or
crystalline state the LCDs rotate the polarization of light by
90 degrees. In the presence of an electric field, LCDs behave
like a liquid and align the small electrostatic charges of the
molecules with the impinging E field.
The LCD's transition between crystalline and liquid states
is a slow process. This has both good and bad side effects.
LCDs, like phosphors, remain "on" for some time after the E
field is applied. Thus the image is persistent like
a CRT's, but this lasts just until the crystals can realign
themselves, thus they must be constantly refreshed, again,
like a CRT.