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WebP’s Adoption Remains Unclear Despite New Improvements
Google has enhanced WebP, their open source image compressing format with higher image quality, progressive decoding, reduced pixelation along edges, and JNI support. Alpha channel support will be added soon, along with more speed improvements. The format is currently supported only by Google and Opera.
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Google WebP - Creating Smaller Images for Faster Pages
Google wants to shrink images transferred over the Internet by proposing a new lossy format called WebP. They claim they have achieved 39% reduction in image byte size leading to speedier page load.