Lossless Compression Algorithms:Lossless compression algorithms are methods used to compress data files without losing any information. The compressed file can be fully restored to its original form without any loss of data.
Lossy Compression Algorithms:These are compression algorithms that sacrifice some amount of data quality in order to achieve higher levels of compression.
Huffman Coding: It is a popular algorithm used for lossless data compression, where shorter codes are assigned to more frequently occurring symbols in order to reduce overall file size.