this is a new format that supports lossless and loss compression quality for images on the Internet. The Google Company developed this format specifically to do work online as quickly and conveniently as possible. The main advantage is that its file size is small compared to other image formats, but similar in image quality.
This format is used for storing bitmap images in an Adobe Photoshop project file. It is stored in uncompressed form, and it includes color spaces, layers with masks, two-color settings, layer structures and other data that allow bitmap photos to be finely edited.