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GIF is the acronym of “Graphics Interchange Format”. This bitmap image format was developed by CompuServe back in 1987. It’s a popular image format on the Internet for its wide support base and portability. GIF file format supports up to 8 bits per pixel in images which allows 256 different colors from the 24-bit RGB color space to be used in a single image. GIF file is well known for containing animated image data. It’s also used for logos and images with sharp lines and edges. The format uses a lossless compression but the size of the file can be significantly small. PaintShop Pro is a great application for editing GIF images.