Explain the features of JPEG 2000 standard?

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Following are the JPEG 2000 features.:

- Compression performance is at low bit-rate.

- Both lossless and lossy compression is performed with a single code stream.

- The transmission in noise environment can be done with low bit-error rate.

- It is applicable for both gray and color images.

- Bi-level imagery, natural imagery and computer generated imagery is applicable for gray and color images.

- It is interactive with MPEG-4 standard.

- Wavelets will be replaced with Discrete Cosine Transform
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