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Tech Shizzle WizzleDesignPNG (Portable Networks Graphic):

A PNG (Portable Networks Graphic) is an image format. The main advantage of PNG over JPEG is that the compression is lossless, which means there’s no loss in quality each time a file is opened and saved again. PNG is also good for detailed, high-contrast images and can support images without a background making them useful for many types of media.

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