'A developer named Dominic Szablewski has given the world a new file format with a splendid name: the Quite OK Image Format (QOI).
The file format might be better than that. Szablewski explained that he decided the world needed a new image format because the likes of PNG, JPEG, MPEG, MOV and MP4 ���burst with complexity at the seams.���
���Every tiny aspect screams ���design by consortium���,��� he added, going on to lament the fact that most common codecs are old, closed, and ���require huge libraries, are compute hungry and difficult to work with.���
Szablewski thought he could do better and appears to have achieved that objective by cooking up some code, floating it on GitHub, and paying attention to the 500-plus comments it generated.
While Szablewski admits that QOI will not compress images as well as an optimized PNG encoder, he claims it ���losslessy compresses images to a similar size of PNG, while offering 20x-50x faster encoding and 3x-4x faster decoding.���'