How can I implement a binary search algorithm in Python?

I am working on a project where I need to search for elements in a sorted list efficiently. I have heard about the binary search algorithm, but I am not sure how to implement it in Python. Can someone please provide me with a detailed explanation and code example of how to implement a binary search algorithm in Python? To help me understand the binary search algorithm better, I would appreciate it if you could provide the following details: An explanation of how the binary search algorithm works. A step-by-step breakdown of the algorithm's execution process. Code examples in Python that demonstrate the implementation of the binary searchalgorithm.Any potential edge cases or considerations that I should be aware of when using the algorithm.Recommendations for optimizing the binary search algorithm or alternative approaches.Additional Context:I have basic knowledge of Python programming and understand concepts like lists, loops, and conditional statements. However, I am new to algorithms and searching techniques. Therefore, I would appreciate a detailed explanation that helps me grasp the underlying concepts and principles behind the binary search algorithm.