GIF is an acronym for Graphics Interchange Format. It is a type of bitmap image format that is compatible with images of up to 8 bits per pixel. The .gif file extension is most commonly used as file format resource on the web and as sprites in the software applications. The most unique quality possessed by GIF file format is that it uses lossless compression mechanism; as a result no effect on the image quality. While coding of gaming applications, the GIF format comes in great use as it easily store low color sprite data.