Microsoft's mysterious "Project Scorpio" gaming console has finally been unveiled after months of rumors and speculations. The company has given fans some hints of what will be coming and even proudly proclaimed that it was going to be the most powerful console available on the market. All those claims have now been proven to be true as Microsoft officially unveiled the all-new Xbox One X.

Under the hood

As previously leaked in past reports, the new console has now been confirmed to indeed be coming with 6 teraflops of graphical performance and 12 GB of GDDR5 memory.

The system's power far exceeds that of the PlayStation Pro, which only has 4.2 teraflops. Microsoft also revealed that the internal GPU has been cranked up to 1172MHz, which is a big jump from the 853MHz clock speeds on the Xbox One. It also beats the PlayStation 4 in that department, with its clocks only at 911MHz.

Microsoft has revealed that it has utilized a new liquid-cooled vapor-chamber cooling system for the console, which is the reason why they are able to get that much performance from the system.

Features and capabilities

The Xbox One X has also been touted as an all-in-one entertainment system as it does come with an Ultra HD Blu-ray drive that allows it to play 4K media content. The device also ships with 1TB of built-in storage.

As for compatibility, the company has revealed that all Xbox One accessories will still work on the new Xbox One X. Titles from the Xbox One and the Xbox 360 can also still be played thanks to the company's backward compatibility program.

All Xbox One titles coded with 900p and 1080p resolutions are apparently able to run in native 4K on the new console.

Older Xbox 360 titles will also get a big performance boost when running on the Xbox One X.

What's in a name

While the majority of fans likely assumed that the console was going to be called the "Scorpio" or something similar, Microsoft's announcement that the console was going to be called the Xbox One X came as a surprise for most.

Prior to the unveiling at the 2017 Electronic Entertainment Expo (E3) event, Microsoft had trademarked a rather mysterious "S" logo. Nevertheless, the branding is probably of little consequence to excited gamers, given that the console itself will likely be able to deliver what Microsoft has been promising for the past few months.

The Xbox One X is scheduled to be released worldwide on Nov. 7. It will be priced at $499 for the standard package. Different bundles are expected to become available as well. At launch, the console is announced to have at least 22 exclusive titles, including games such as "Forza Motorsport 7," "Sea of Thieves," and "Crackdown 3."