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Gzip is a lossless file compression tool that reduces the size of data on a computer by identifying and replacing repeated patterns with metadata or shorter sequences. Developed in 1992 by Jean-Luc Gailly and Mark Adler, gzip helps save space without losing any information, unlike lossy compression algorithms like JPEG. This tool was created to address the issue of wasted space on silicon chips due to unnecessary storage of files represented by bits.
