Cisco Systems, Inc. (NASDAQ:CSCO) recently shared their plans of doubling internet speed in the near future. The tech company recently came up with this solution to enable wireless carriers and internet search providers to manage the in-demand need for video streams, social networks, and app downloads.

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Cisco Systems’ New Internet Specifications

The new technology they plan on using is called CRS-X and it will offer speeds of 400 gigabits per second, and that’s just for one slot for the router’s rack. Since each rack is capable of 6.4 terabits a second, the entire system is capable of almost 1 petabit per second if the racks are set up in tandem. This is faster than anything that’s currently on the market. Interestingly enough, a single CRS-X rack could provide streaming HD video to every single individual in New York all at the same time. A full multi-chassis setup is also capable of downloading the entire Library of Congress in a split second and could stream every movie ever created in a minute.

Core routers are crucial for the internet as they serve as a connector to some of the net’s biggest websites like Google Inc (NASDAQ:GOOG) and Facebook Inc (NASDAQ:FB). David Goldman for CNN explained, “They’re a crucial part of the Internet backbone, and one that Cisco has a comfortable lead in. Cisco Systems, Inc. (NASDAQ:CSCO) has 750 CRS customers, selling 10,000 systems to date, and it commands a roughly 65% share of the core routing market. That’s more than double No. 2 Juniper’s. Cisco says its solution is cheaper than Juniper Networks, Inc. (NYSE:JNPR)’s offerings. For instance, customers who installed Cisco’s previous core router, dubbed CRS-3, in 2010, can upgrade to CRS-X by simply swapping out their CRS-3 cards for the new ones. In previous updates, Juniper has required customers to buy entire new router setups to upgrade their systems.”

Cisco Systems, Inc. (NASDAQ:CSCO)’s director of service provider Stephen Liu thinks it will be easy to do. He also thinks it will lead to the ‘Internet of Everything’ in which common devices such as automobiles and household items will have internet access.