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JPEG XL is a practical approach focused on scalable web distribution andefficient compression of high-quality images. It provides various benefitscompared to existing image formats: 60% size reduction at equivalent subjectivequality; fast, parallelizable decoding and encoding configurations; featuressuch as progressive, lossless, animation, and reversible transcoding ofexisting JPEG with 22% size reduction; support for high-quality applicationsincluding wide gamut, higher resolution/bit depth/dynamic range, and visuallylossless coding. The JPEG XL architecture is traditional block-transform codingwith upgrades to each component.

Committee Draft of JPEG XL Image Coding System