The popular image and short animation formats are JPEG, PNG, GIF, and BMP. WebP is a modern image type that provides a better bossless and lossy compression over JPEGs, PNGs images, BMP, and GIFs.

Although, the acceptance of the image format is still low as many devices and applications are yet to adopt the image format. However, most browsers support the image format.

Most websites are slow because of multiple media files (especially images). WebP images make websites faster because they are usually at least 24% smaller than PNG and JPEG images. Another significant advantage of WebP is that it offers transparency known with PNG’s and animations known with GIFs and BMPs.

In conclusion, WebP’s are usually smaller than counterparts (PNG, JPEG, JPG, BMP, GIF) by at least 24%. This makes it the best alternative when building websites. The following are the Pros of using WebP:
– It reduces the bandwidth usage
– Improve website load time.
– Less media storage usage.
– Transparency and animation.