Now to the speed differences. To read, the laser needs only to see a reflection (or not) at a specific point, while to write, the laser needs time to heat up that same point. It’s like the difference between seeing a laser reflect off a balloon, versus the time required for that same laser to pop it. This heating is how CDs are written, quite literally by heating up points on the disc until they are no longer reflective. That’s why it is called “burning”. While more power might speed up the process, there is still time required. Meanwhile, all that is needed to read faster is an increase in the speed to observe, or the frequency to “read”, the light reflection.
With more powerful lasers operating at a faster frequency and with more precision, we can have a laser “see” these differences at 48 times the normal speed, but can only burn at 8 times the normal speed before the reliability of the process suffers.
Bonus: for a rewritable disc, it works slightly different. Instead of destructively burning the CD, you can think of it as being a material that becomes non-reflective at one temperature, and reflective again at another. This allows data to be “erased”. Also, when you “close” a disc to prevent rewriting, you aren’t actually preventing it from being rewritten. It is more like using a sharpie to put a name on the disc, with the words “do not overwrite” that all drive software/firmware respects.