The document presents a novel algorithm for lossy image compression using FPGA technology, emphasizing its performance and storage efficiency compared to existing techniques. It discusses various types of lossy compression methods and provides an analysis of Mean Squared Error (MSE) and Peak Signal-to-Noise Ratio (PSNR) performance metrics for the proposed algorithm. The author concludes that the proposed method shows improved results over standard compression techniques in terms of MSE as iteration increases.
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