“We are pleased to announce the open source release of Lepton, our new streaming image compression format, under the Apache license. Lepton achieves a 22% savings reduction for existing JPEG images, by predicting coefficients in JPEG blocks and feeding those predictions as context into an arithmetic coder. Lepton preserves the original file bit-for-bit perfectly. It compresses JPEG files at a rate of 5 megabytes per second and decodes them back to the original bits at 15 megabytes per second, securely, deterministically, and in under 24 megabytes of memory. We have used Lepton to encode 16 billion images saved to Dropbox, and are rapidly recoding our older images. Lepton has already saved Dropbox multiple petabytes of space. Community participation and improvement to this new compression algorithm is welcome and encouraged!”