Information about MP3 file format

Name MP3
Full name MP3 - MPEG-1 or MPEG-2 Audio Layer III
File extension .mp3
MIME type audio/mpeg, audio/MPA, audio/mpa-robust
Developed by Fraunhofer Institute
Type of format Digital audio
Description MPEG-1 or MPEG-2 Audio Layer III, more commonly referred to as MP3, is an audio coding format for digital audio which uses a form of lossy data compression. It is a common audio format for consumer audio streaming or storage, as well as a de facto standard of digital audio compression for the transfer and playback of music on most digital audio players.
Technical details The use of lossy compression is designed to greatly reduce the amount of data required to represent the audio recording and still sound like a faithful reproduction of the original uncompressed audio. An MP3 file that is created using the setting of 128 kbit/s will result in a file that is about 1/11 the size of the CD file created from the original audio source.
Associated programs VLC media player, MPlayer, Winamp, foobar2000.
Wiki https://en.wikipedia.org/wiki/MP3