I suggest a USB3.1 gen2 drive, like the Samsung t7 "shield":
Samsung T7 Shield Portable SSD delivers high performance on-the-go, not matter the terrain. It has an IP65 rating for water** and dust* resistance, with Dynamic Thermal Guard to manage heat control. Transfer huge files instantly. USB 3.2 Gen 2 and PCIe® NVMe™ achieve soaring sequential read/write...
www.amazon.com
(great price, too).
This will give you read speeds around 910MBps.
Is that good enough?
Although I agreed with just about everything Fravin wrote above, you DO NOT need terminal to initialize/erase/test one of these.
Disk utility works just fine.
And even with external SSD's, for a "data only" drive (one that will not be bootable or hold a time machine backup or CarbonCopyCloner or SuperDuper backup) --- HFS+ still works fine, also.