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The Graphics Interchange Format (GIF) is a commonly used image file format that supports animation and transparency. GIF files use LZW compression algorithm for compression and can contain 256 colors. GIF files are typically used for animations and simple images on the web because they can provide smaller file sizes and better image quality. GIF files can be created and edited using many different applications, including Adobe Photoshop, GIMP, and Microsoft Paint. The disadvantage of the GIF file format is that they do not support high-resolution images and true color images, making them unsuitable for complex images and graphics.
WEBP is an image file format developed by Google. It uses advanced compression technology to provide better image quality and smaller file sizes. WEBP files can contain 24-bit RGB color images and 8-bit grayscale images, support transparency and animation, and can be created and edited in many different applications, including Adobe Photoshop, GIMP, and Microsoft Paint. The advantages of the WEBP file format are that it can provide better image quality and smaller file sizes, making it a very useful image format, especially on the web. The WEBP file format also supports lossless compression and lossy compression, which can be selected as needed.