WAV is an audio file that is associated with Microsoft Windows. It is the default audio format for Windows. But it supports almost all the Operating Systems. WAV files are comparatively larger than MP3 files. It is mostly used to create music files in audio cd. It can save music files at different bit rates.
MP3 is an audio format that can compress and encode an audio file. It uses the lossy compression algorithm to contain audio data. The lossy compression helps to reduce the data significantly without losing audio quality. MP3s are created using different bit rates maintaining the original quality.
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