What are Legacy Entities and what succeeds them?

I have a simple entity written in Lua and it works fine however it's labeled as "Legacy". To me "Legacy" means deprecated, since I am just starting out I don't want to waste time learning something that could go away someday. What makes an entity Legacy? Is Lua as a whole Legacy or has the Lua script interface changed? What is the preferred way to create entities if not Lua? Tutorials, documentation or examples for the not-Legacy way would be great!


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