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JP2, or JPEG 2000, is an image format that was developed as an update to the traditional JPEG format. Introduced in the year 2000 by the Joint Photographic Experts Group (the same group behind the original JPEG), JPEG 2000 was designed to offer a more robust and flexible alternative to the older JPEG standard.
JPG (or JPEG, which stands for Joint Photographic Experts Group) is a widely used image file format, particularly suitable for photography and web images. It is named after its creators, the Joint Photographic Experts Group. JPG is very popular because it supports high levels of compression, which significantly reduces file size without too much loss in visual quality, making it especially useful for web transmission and storage.