Believe it or not, the popular MP3 audio compression format is now celebrating its 10th birthday. After all this time, it is still the undisputed king of digital music format, even with the advent of rival formats such as WMA, Ogg Vorbis and Real Audio, among others.
This Data Compression News Blog article has a well-written coverage of this event. Here’s some excerpts from the article:
In 1992 MP3 was in fact so far ahead of its times, that the industry considered the technology far too complex for practical application. It turned out, however, that its development was the bottom line advancement in audio coding – no other coding method so far could uncrown MP3 as the standard for digital music on the computer and on the Internet.
More discussion of this event on Slashdot.