PNG=Portable Network Graphics

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PLAY
PNG
Is an extensible file format for the lossless, portable, well-compressed storage of raster image.
Animation
No! PNG dose not offer animation.
Tranparency
Yes! with true color and gray scale images.
Compression
Lossless! PNG format use adjustable lossless compression to display 24 bit- photographs or solid color
Color
PNG can index up to 256 colors