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Planeswalkers enter the battlefield with a set number of loyalty counters, printed in the lower right of the card. A planeswalker can be attacked, like a player, or be dealt damage by an opponent redirecting damage the damage one of his or her spells would deal to the player controlling the planeswalker. Damage dealt to a planeswalker removes that many loyalty counters and a Planeswalker with no loyalty counters is put into the graveyard.
Planeswalkers usually have three abilities. One ability that adds loyalty counters as a cost for a small benefit, one that removes a small amount of counters as a cost for a larger effect, and removing a large number of loyalty counters for a big effect. The last effect is commonly referred to as the Planeswalker's Ultimate ability and usually leaves the opponent in a devastated state. The starting loyalty of a Planeswalker is commonly significantly lower than the cost of the Ultimate and a player has to build up the loyalty to access the Ultimate.