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What is the difference between MP3 and other audio formats?

audio difference formats mp3
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What is the difference between MP3 and other audio formats?

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MP3 is a new type of compression format used for audio. This new type of compression enables full length, near stereo quality songs to be compressed to an extremely small size. WAV format files also contain high-quality audio but the for full length music the file size is enormous. Other formats may be smaller in size, however they do not have the quality that MP3 has.

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