Vidyarthiplus (V+) - Indian Students Online Education Forum

Google today released details on its new development: compression algorithm, with which the Internet giant hopes to accelerate the work on the Internet for all users. The new algorithm called Zopfli, it is an open algorithm that can speed up the transfer of information and to reduce the load time, squeezing the entire content of a network of about 8% more efficient than the known software libraries Zlib.

Project page located at https://code.google.com/p/zopfli/

The only disadvantage is that this compressor takes more time (~100x slower) than zlib.... 

Everything has an advantage and a disadvantage...It can be used in slower network connections..