What is 5G, how fast is it, and when is it coming?

We have an idea of what kind of speeds to expect with 5G home internet based on Verizon's 5G home internet service, called Verizon 5G Home, that rolled out in October 2018.

The company promises internet speeds of up to 300 megabits-per-second for a price of $50 per month for existing Verizon customers, or $70 per month for non-existing Verizon customers. That's actually slower than Verizon's top-tier landline internet service Fios — which provides gigabit (1,000 mbps) speeds — and it's not that much cheaper. On top of that, Verizon's 5G Home service is only available to a very limited number of cities.

Still, not everyone uses Verizon's Fios gigabit internet service. The average internet speed in the US as of 2018 was 96.25 mega bits per second — essentially a third of what Verizon's 5G Home internet speeds can deliver.

As for mobile wireless, the verdict is still out, but the general message from the telecommunications industry is that it's much faster and more responsive than the current 4G LTE networks.

AT&T has rolled out its 5G network in 12 cities so far, with a cost of $75 per month for a 15GB data plan. The only issue right now is that no one can really use AT&T's mobile 5G network, as no commercially available mobile devices actually support 5G as of yet. Only in the spring of this year will AT&T customers be able to buy a $500 5G mobile hotspot, to which customers will have to connect their smartphones to use AT&T's 5G network.

For mobile devices like smartphones, 5G service will be transmitted much like 4G LTE is today — with antennas dotted throughout a city (rooftops, utility poles, etc).

For home internet, you'll be able to get 5G service through an antenna installed outside of one of your home's windows, that's connected to a WiFi router inside your home. That antenna will pick up one of 5G's "millimeter wave" wireless signals transmitted from millimeter-wave cell towers.

As I mentioned earlier earlier, access to 5G networks in the US is pretty limited.

Only a few cities are getting either mobile 5G networks or home internet 5G service to start off with, and the technology hasn't exactly matched the promised speeds and performance the industry has been hyping over the years.

Either way, 5G as it exists today is in its earliest of early stages. It's sure to develop over the years with even better speeds, with more and more devices supporting the new network. As recently as December 2018, four major players in the telecoms industry including Qualcomm, Verizon, AT&T, and Samsung have promised more 5G-compatible devices in "early 2019."

While 5G is technically "here," most of us still have to hurry up and wait for the next big thing for our data-connected world.