Originally posted by: BrownTown
theoretically speaking you could probably just use one wire and a really high voltage and reference it to the earth ground.
That's how they did telegraph.
And to head off any question about the coax, the data in coax and in many other high speed protocals (i.e. wifi, wimax) is modulated and phase shifted into the appropriate carrier signal. The bandwidth of the signal is split up into multiple carriers of smaller bandwidths. Wimax has something like 256 carriers and Wifi 64 carriers. Each carrier has a specific amplitude and phase at its frequency. Depending on how many unique amplitude and phase states that we say we can have, we can represent an entire bitstream in one pulse. For example, one type of modulation that Wimax can use is 64 QAM (quadrature amplitude modulation) which can represent 64 possible combinations of amplitude and phase and as such represent any 6 bits. But the exact technique we use is dependent on how strong the signal is. With poorer signal quality, the data is sent at a more robust, albeit one with less throughput, encoding.
So that's how they can transmit data at higher bitrates than the transmission line could support if you just used a square wave.