Microsoft is working to create its most powerful Xbox yet as it gears up for the next wave of gaming console hardware. Xbox shared some details on its next hardware at E3 and it sounds appropriately next-gen.

The company teased some huge factoids in a teaser about what it’s calling “Project Scarlett.” The upcoming console will have 8K capability, will be able to handle frame rates up to 120fps and will utilize SSD storage to keep load times low. The hardware will be powerful enough to enable real-time ray tracing.

“This generation is going to be a bigger leap than any generation before,” a video describing the new hardware detailed. Microsoft says the new hardware will be four times as powerful as the Xbox One X.

The next-generation console will be arriving in the holiday season of 2020, the company says. It will be launching alongside a new Halo title, Halo Infinite.

“A console should be designed and built and optimized for one thing: gaming,” Xbox head Phil Spencer said onstage at the company’s E3 presser.

We’ve already heard a bit about PlayStation’s plan for their next generation console, mainly details regarding the system’s transition to SSD storage and its reliance on a third-generation AMD Ryzen CPU.

We’ll see how the systems stack up against each other as we hear more.