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LZ4 is a very fast lossless compression algorithm, providing compression speed at 300 MB/s per core, scalable with multi-cores CPU. It also features an extremely fast decoder, with speeds up and beyond 1GB/s per core, typically reaching RAM speed limits on multi-core systems.
WebP is a method of lossy compression that can be used on photographic images. The degree of compression is adjustable so a user can choose the trade-off between file size and image quality.
A WebP file consists of VP8 image data, and a container based on RIFF. Webmasters, web developers and browser developers can use the WebP format to create smaller, better looking images that can help make the web faster.