MP3 is the most common music (sound) file format. This format was developed by Fraunhofer IIS and Thomson. This format for storing and transmitting music (sound) files in digital form uses signal compression technology. That is why, unlike the previously widespread WAV format, MP3 files (full name - MPEG Audio Layer-3) are much smaller in size, and their sound quality is much higher. The MP3 format was one of the first and most successful sound compression methods. One of the important characteristics of this process is the degree of compression, that is, how much data is transferred per unit of time. Standard MP3 encoding is from 64 to 320 kb / s.
MXF is a multimedia container format designed for video to be packaged and edited. Such video material contains metadata, audio and video streams, which are encoded for various formats. The MXF extension was developed by the international company SMPTE, a market leader in cross-platform software and hardware solutions. The MXF extension, or Material Exchange Format File, is in most cases used by users who, as professionals, process, store and transmit video and audio information in the television and film industries. Professional camcorders use the same extension for recording. That's why the issue of playing MXF video is especially relevant. An MXF file is an output file when recording video / audio data from a TV tuner or some other hardware and software device. We are talking about devices whose purpose is to convert an analog signal to a digital one, and then process it. This is not to say that the MXF format is also in demand in terms of font in the SimCity 4 game program, which is a city-planning simulator. MXF is good first because it allows you to store multimedia data. Compression is possible, in fact, by any algorithm.