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When saving an image in an editing program, users encounter various file format options like PNG and BMP. JPEG, which stands for Joint Photographic Experts Group, is a widely used format for photo storage. JPEGs are favored because they significantly reduce file size compared to older formats like BMP, which was once popular for its simplicity and compatibility but is now less common. The compression method used by JPEGs is called lossy compression, which means that some image quality is sacrificed to achieve smaller file sizes. This makes JPEGs ideal for sharing images while saving storage space.