WAV (or WAVE) is actually the first full-fledged audio format with good sound quality. It was developed quite a few years ago by the joint efforts of Microsoft and IBM. Sometimes this format is even called “Audio for Windows,” because it is the standard for storing audio stream for a traditional Windows desktop computer. Full name - Wave Audio File Format. The short name is derived from the English word wave ("wave"). The peculiarity of this format of digitized audio stream is the lack of compression. WAV files take up too much space, but it is ideal for storing high quality files in their original form.
MP2 is an extension of compressed MPEG Layer II audio files. This type of file is still the standard format for digital television and radio. However, most users prefer the MP3 format. The MP2 file is compatible with most portable audio players. We emphasize that for certain devices it is necessary to convert MP2 files to MP3 format. Note that MP2 files are not identical to MPEG-2 video files. Typically, an MPEG-2 video file is used as an MPG extension. In some cases, MP2 files are called musicam files, which cannot be considered correct. In the 80s of the last century, specialists developed many versions of MP files. It was then that the developers of the International Standardization Organization Moving Picture Experts Group (MPEG) were engaged in new standards for digital encoding of audio and video data. Part of the initial release of the MP1 files were 3 separate layers of the audio file. In the 90s, they developed the MP2 format. To this day, this format is used for digital television and radio broadcasting. Due to its broad support for MPEG-1, MP2 files can be played, saved, converted and edited by a multitude of multimedia players and audio editors on a wide variety of platforms and operating systems.