Lava

Basic Information
Lava is a liquid like Water, However it has had much of it's interaction functionality removed 3.0 because of the fire glitch. Lava is found only rarely in specific Seeds like: nyan and hungergames. when lava comes into contact with water, be it flowing of still, a block of Cobblestone will be formed and Lava touching water forms Obsidian.

Damage
When the player touches the Lava 2 hearts are taken every second and the screen turns red showing damage. As soon as the player exits the lava and touches water the player shall cease to take damage. A mob touching the lava shall also take the same amount of damage but shall not show the fire animation (like the player).

Trivia
Unlike computer version and Xbox Lava does not Set any blocks alight whether the lava is touching said blocks or not.. The lava animation has sparks and embers flying off live the PC version however they do nothing.