4G is the fourth generation of wireless network technology that will provide significantly higher data transmission speeds than 3G. 4G will be based entirely on IP packet switching and aims to provide transmission speeds of 20-100 Mbps for mobile users. It will utilize technologies like OFDM to maximize speed and minimize interference. 4G will allow for a wide range of applications including high quality video streaming to mobile devices and provide seamless connectivity for users on the go. Some challenges to implementing 4G networks include managing handoffs between networks, ensuring quality of service, and addressing security issues.