What is 5G? What will it do? And when will we get it?

With news that the government will build a 5G cellular network being reported and then just as quickly dismissed by officials, many Americans have found themselves asking: What the heck is 5G anyway?

The long and short of it is that 5G is a faster kind of cellular data connectivity. Faster even than the 4G LTE you probably used to load this very webpage on your smartphone. Of course, in reality it’s a bit more complicated than that. Allow me to explain.

So many Gs

Let’s start with the basics. The invisible radio waves that connect your smartphone to the internet are called 4G LTE. The G stands for generation, while LTE stands for long-term evolution, which means 4G LTE is the fourth-generation long-term evolution wireless connectivity.

Of course, there were three previous generations of connectivity: 1G, 2G and 3G. Each iteration increased our ability to connect our phones with the world. 1G was analog and allowed us to make mobile calls. 2G improved voice capacity and text messages. 3G gave us relatively fast mobile data for things like web browsing, some music streaming and downloads, mapping apps and more.

Finally, there’s 4G LTE, which is the reason websites load quickly. It allows you to stream high-definition video through Netflix, play online games from your phone and check your in-home security camera on the go.

5G is the next iteration of wireless connectivity and is expected to have wide-ranging implications for technology and the economy. What’s more, it will result in an explosion of new devices coming online.

What will 5G do?

5G will offer three main benefits: Faster speeds, lower latency and increased bandwidth. For reference, the government considers anything with speeds above 25 megabits per second a broadband connection. The fastest LTE speeds I’ve gotten on my own devices has been about 70 Mbps. That’s pretty darn fast, but not quite as fast as my 200 Mbps home cable modem. But 5G will be even faster than that, offering speeds from hundreds of megabits per second up to gigabits, or 1,000 megabits, per second.

That kind of speed is great, but without an equally low latency, it’s nothing. Latency refers to how fast a piece of data takes to get to its destination. In other words, how long it takes the hit Netflix show “Stranger Things” to get from your home to Netflix’s (NFLX) servers and back once you request to watch it.

5G latency will be so low that you’ll have near-instantaneous reaction times to requests. And that will prove enormously important for applications like self-driving cars. By adding 5G connections to such vehicles, self-driving cars will be able to send and receive information fast enough to avoid accidents with other autonomous vehicles.