The MP3 main feature is its audio compression capacity, reducing the size by a factor of 12 but maintaining acceptable sound quality at the same time. It's also the file format that contains MPEG-1 audio, or MPEG-2 audio, encoded data. Mainly developed by the Fraunhofer Society, MPEG-1 Audio Layer III, or MPEG-2 Audio Layer III, colloquially known as MP3, is a coding format for digital audio. For such reason, here's a short MP3 history class:

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