Dropbox announced on Thursday that it is releasing its image compression algorithm dubbed Lepton under an Apache open-source license on GitHub. Lepton, the company writes, can both compress and decompress files, and for the latter, it can work while streaming. Lepton offers a 22% savings reductions for existing JPEG images, and preserves the original file bit-for-bit perfectly. It compresses JPEG files at a rate of 5MB/s and decodes them back to the original bit at 15MB/s. The company says it has used Lepton to encode 16 billion images saved to Dropbox, and continues to utilize the technology to recode its older images. You can find more technical details here.