For example, I can make a 256 kB text file, containing over 260,000 identical characters, and use a file compression tool and the Lempel–Ziv–Markov chain algorithm (LMZA) to squash it down to ...

Other uses for the algorithm could be for super simple video compression, for applications where resource is tight and some low-effort bandwidth reduction would be beneficial.

Cloud syncing and sharing software company Dropbox today announced that it has released an image compression algorithm called Lepton under an Apache open source license on GitHub.

For example, I can make a 256 kb text file, containing over 260,000 identical characters, and use a file compression tool and the Lempel–Ziv–Markov chain algorithm (LMZA) to squash it down to ...