Image Compression using JPEG and  JPEG-2000 standards

                  JPEG Image Compression uses DCT Transformation and Huffmann Coding, while JPEG-2000 uses Wavelet Transformation and Arithmetic Coding for its implementation. JPEG-2000 offers a new approach to image compression, which defines a set of lossless (bit-preserving) and lossy compression methods for coding grey-scale, or color digital still images. In addition to this, JPEG-2000 includes region of interest coding.