Lzip is a lossless data compressor with a user interface similar to the one of gzip or bzip2. Lzip can compress about as fast as gzip (lzip -0), or compress most files more than bzip2 (lzip -9). Decompression speed is intermediate between gzip and bzip2. Lzip is better than gzip and bzip2 from a data recovery perspective.
The lzip file format is designed for data sharing and long-term archiving, taking into account both data integrity and decoder availability:
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