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What is JPEG2000 ?
JPEG2000 is definitely not JPEG

Open file standard ISO/IEC 15444-1:2000 Wavelet based, multiresolution representation Up to 38 bit signed data not just images Up to 16,000 planes/channels Entropy-based (MQ) bit-plane encoding (save 20 bits instead of 32, white space costs almost nothing) Lossless/lossy encoding - harmonic distortion for lossy compression Flexible file format XML-aware, UUID defined boxes Random access to ROI, transcoding, quality layers,etc Internet ready : JPIP => low bandwidth optimized Industry support: e.g., Lizardtech, Adobe Photoshop

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