What's the difference between using `let` and `var` in Javascript?

• var statement is known throughout the function it is defined in, from the start of the function.
• let statement is only known in the block it is defined in, from the moment it is defined onward.

To understand the difference, consider the following code:

// i IS NOT known here
// j IS NOT known here
// k IS known here, but undefined
// l IS NOT known here

function loop(arr) {
    // i IS known here, but undefined
    // j IS NOT known here
    // k IS known here, but has a value only the second time loop is called
    // l IS NOT known here

    for( var i = 0; i < arr.length; i++ ) {
        // i IS known here, and has a value
        // j IS NOT known here
        // k IS known here, but has a value only the second time loop is called
        // l IS NOT known here
    };

    // i IS known here, and has a value
    // j IS NOT known here
    // k IS known here, but has a value only the second time loop is called
    // l IS NOT known here

    for( let j = 0; j < arr.length; j++ ) {
        // i IS known here, and has a value
        // j IS known here, and has a value
        // k IS known here, but has a value only the second time loop is called
        // l IS NOT known here
    };

    // i IS known here, and has a value
    // j IS NOT known here
    // k IS known here, but has a value only the second time loop is called
    // l IS NOT known here
}

loop([1,2,3,4]);

for( var k = 0; k < arr.length; k++ ) {
    // i IS NOT known here
    // j IS NOT known here
    // k IS known here, and has a value
    // l IS NOT known here
};

for( let l = 0; l < arr.length; l++ ) {
    // i IS NOT known here
    // j IS NOT known here
    // k IS known here, and has a value
    // l IS known here, and has a value
};

loop([1,2,3,4]);

// i IS NOT known here
// j IS NOT known here
// k IS known here, and has a value
// l IS NOT known here