Name	MP3	WAV
Full name	MP3 - MPEG-1 or MPEG-2 Audio Layer III	WAV - Waveform Audio File Format
File extension	.mp3	.wav .wave
MIME type	audio/mpeg, audio/MPA, audio/mpa-robust	audio/vnd.wave, audio/wav, audio/wave, audio/x-wav
Developed by	Fraunhofer Institute	Microsoft & IBM
Type of format	Digital audio	audio file format, container format
Description	MPEG-1 or MPEG-2 Audio Layer III, more commonly referred to as MP3, is an audio coding format for digital audio that uses lossy data compression. It is a common audio format for consumer audio streaming or storage and a de facto standard of digital audio compression for the transfer and playback of music on most digital audio players.	Waveform Audio File Format is a Microsoft and IBM audio file format standard for storing an audio bitstream on PCs. It is the main format used on Windows systems for raw and typically uncompressed audio. The usual bitstream encoding is the linear pulse-code modulation (LPCM) format.
Technical details	Lossy compression is designed to reduce significantly the amount of data required to represent the audio recording and still sound like a faithful reproduction of the original uncompressed audio. For example, an MP3 file created using the setting of 128 kbit/s will result in a file about 1/11 the size of the CD file created from the original audio source.	Though a WAV file can contain compressed audio, the most common WAV audio format is uncompressed in the linear pulse code modulation (LPCM) format. In addition, audio in WAV files can be encoded in various audio coding formats, such as GSM or MP3, to reduce the file size.
File conversion	MP3 conversion	WAV conversion
Associated programs	VLC media player, MPlayer, Winamp, foobar2000.	ALLPlayer, VLC media player, Media Player Classic, MPlayer, RealPlayer, Winamp.
Wiki	https://en.wikipedia.org/wiki/MP3	https://en.wikipedia.org/wiki/WAV

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