From theregister.com
A developer named Dominic Szablewski has given the world a new file format with a splendid name: the Quite OK Image Format (QOI).
The file format might be better than that. Szablewski explained that he decided the world needed a new image format because the likes of PNG, JPEG, MPEG, MOV and MP4 “burst with complexity at the seams.”
“Every tiny aspect screams ‘design by consortium’,” he added, going on to lament the fact that most common codecs are old, closed, and “require huge libraries, are compute hungry and difficult to work with.”