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JXL stands for JPEG XL, a next-generation image coding standard developed by the Joint Photographic Experts Group (JPEG). JPEG XL is designed to provide efficient compression for both lossless and lossy image storage, offering high image quality at lower file sizes compared to previous standards. It supports a wide range of features including high dynamic range, wide color gamut, and progressive decoding, making it suitable for use in various applications from web graphics to professional photography. Despite its advantages, as a newer standard, JPEG XL may not yet have widespread support across all platforms and software.

ICO is a file format used to store icons on Microsoft Windows. It supports images of various sizes and color depths, and it can contain multiple images within a single file, allowing icons to be displayed in different resolutions and color depths depending on the user’s settings. While ICO files are essential for creating application and file icons in Windows, they are less commonly used for other purposes due to their specific functionality and limited support on non-Windows platforms.