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JPEG is Dying - And that's a bad thing | 2kliksphilip
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This is a most excellent place for technology news and articles.
You have to offer something compelling for everyone. Just coming out with yet another new standard™ isn’t enough. As pointed out earlier, we already have:
What’s the point of adding another encoder/decoder to the table when PNG and JPEG are still “good enough”?
PNG and JPEG aren’t good enough, to be honest. If you run a content heavy site, you can see something like a 30-70% decrease in bandwidth usage by using WebP.