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JPEG - Joint Photographics Experts Group
This is an image format named after its developers that can compress images to very small file sizes, commonly used on the internet due to faster image transfer rates.
JPEG images unlike its GIF counterpart can contain thousands of colours which makes the format ideal for compressing images such as photographs.
The JPEG format can compress images up to around 10% of their original file size without losing too much quality (depending on the image used) although the image will lose its sharpness.
JPEG files use the .jpg and .jpeg file extensions (click here for more on file extensions) and can be created in most popular graphics applications.
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