A conductance-based Hodgkin-Huxley model couples membrane potential to voltage-dependent channel-gating variables. It explains generation of action potentials through regenerative and opposing ionic electric currents, while its parameters and channel assumptions determine its biological domain of validity.
In the classical model, describes sodium activation, describes availability against sodium inactivation, and describes potassium activation. Each follows two-state ion-channel gating, with its own voltage-dependent rates. The available electrical conductances are
The barred quantities are maximum electrical conductances. The factors have the interpretation of independent permissive gates in an ion channel: three activation factors and a distinct inactivation-availability factor for sodium, and four identical activation factors for potassium. Large means availability; small means inactivation. These are model assumptions, not a literal structural description of every ion channel. See Gerstner, Kistler, Naud and Paninski, Neuronal Dynamics (2014), §2.2: model definition and stochastic opening.
With inward-positive electric current, a single-compartment form is
Here is membrane capacitance, is imposed inward electric current, is leak electrical conductance, and each is a reversal potential. Use consistent units, and either whole-compartment quantities throughout or quantities per membrane area throughout. Opening changes electrical conductance; the reversal potential and present membrane potential determine the associated electric current. Coupling this equation to the voltage-dependent gates makes a generally nonlinear system of ordinary differential equations; a gate's fixed-voltage limit alone does not specify its evolving state during an action potential.
The original quantitative account is [ref]. The contrast with the leaky integrate-and-fire model is useful: here an action potential emerges from evolving ionic electric currents, whereas the simpler model records a threshold event and imposes a reset.

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The Hodgkin–Huxley model is a mathematical description of the electrical characteristics of excitable cells, particularly neurons. Developed in 1952 by Alan Hodgkin and Andrew Huxley, this model provides a detailed mechanism for understanding how action potentials (the rapid depolarization and repolarization of the neuronal membrane) are generated and propagated. ### Key Components of the Hodgkin–Huxley Model 1.