Graphics Interchange Format (.gif)
The Graphics Interchange Format (GIF) is a bitmap image format developed by CompuServe in 1987. It is widely used for its support of animated images, allowing for the compression of graphics with low file sizes and without compromising quality. It's particularly popular on the internet for memes, short animations, and simple graphics due to its ability to loop animations seamlessly. GIFs support up to 256 colors and use the LZW compression algorithm to minimize file size. The format's historical significance lies in its ability to efficiently store and transmit images in an era of slower internet speeds and remains a staple in digital communication and web design today.