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VLC can encode and decode this container.
The module name to use at the command line is image.

PNG is an acronym for portable network graphics. It was historically preferred over GIFs for its unencumbered license, and though GIF is now free PNG is still used out of habit. It supports a wider range of transparency than GIF and stores virtually no metadata. PNG, because it is lossless, is generally larger in size than a JPG and somewhat smaller than a GIF.