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Gzip is a famous, lossless file compression tool that reduces the size of data by identifying and replacing repeated patterns in a file with shorter sequences or metadata. This process, unlike lossy compression methods like JPEG, does not result in any information loss. Developed in 1992 by Jean-Luc Gys and Mark Adler, gzip addresses the inefficiency of representing files on a computer's silicon chip with more space than necessary. The tool uses algorithms like lz77 to loop over file contents and optimize space usage.
