PNG is an extensible file format for the lossless, portable, well-compressed storage of raster images. PNG provides a patent-free replacement for GIF and can also replace many common uses of TIFF. Indexed-color, grayscale, and truecolor images are supported, plus an optional alpha channel for transparency. Sample depths range from 1 to 16 bits per component (up to 48bit images for RGB, or 64bit for RGBA).
btw, Indians discovered the mathmatical value of Zero. So its time everyone in the world using digital format files and data transfer networks and digital devices start payin up royalty to the Indian government.