This topical review provides an overview over recent thermodynamic, infrared, and THz results on the proximate Kitaev spin-liquid. Quantum-spin liquids are exotic phases characterized by the absence of magnetic ordering even at the lowest temperatures and by the occurrence of fractionalized spin excitations. Among those, Kitaev spin liquids are most fascinating as they belong to the rare class of model systems, that can be solved analytically by decomposing localized spins S = 1/2 into Majorana fermions. The main aim of this review is to summarize experimental evidence obtained by THz spectroscopy and utilizing heat-capacity experiments, which point to the existence of fractionalized excitations in the spin-liquid state, which in α-RuCl₃ exists at temperatures just above the onset of magnetic order or at in-plane magnetic fields just beyond the quantum-critical point where antiferromagnetic order becomes suppressed. Thermodynamic and spectroscopic results are compared to theoretical predictions and model calculations. In addition, we document recent progress in elucidating the sub-gap (<1 eV) electronic structure of the 4d⁵ ruthenium electrons to characterize their local electronic configuration. The on-site excitation spectra of the d electrons below the optical gap can be consistently explained using a spin–orbit coupling constant of ∼170 meV and the concept of multiple spin–orbital excitations. Furthermore, we discuss the phonon spectra of the title compound including rigid-plane shear and compression modes of the single molecular layers. In recent theoretical concepts it has been shown that phonons can couple to Majorana fermions and may play a substantial role in establishing the half-integer thermal quantum Hall effect observed in this material.