JPG is a lossy image compression file format invented in 1992. JPG is also known as JPEG and is the most used image file format in the world. JPG does not support transparency instead of PNG or some other formats. JPG compression reduces the image size without losing the image quality. JPG is also an old format, and there are a lot of better image formats out now with the same features for the same tasks. On the other hand, a big advantage is that JPG is known/ supported by every type of software you can imagine because of his age and popularity in the past.
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