Dec 16
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Posted by Web_Perfectionist The GIF ( G raphics I nterchange F ormat) format was originally developed in 1987. Debuted by Steve Wilhite of Compuserve, GIFs improved on the black-and-white images in use during that time by allowing the use of 256 colors while maintaining a compressed format that could still be loaded by those utilizing slow modems
See the article here:
How to Improve Your Site’s Performance When Using GIFs