Encoded video format developed by On2 Technologies; designed to encode video quickly and decode video in fewer cycles than other compression schemes; optimized for playback on low-power devices and includes advanced buffering and latency features. VP7 video encoding is used for Video-on-Demand, HD video, and mobile video applications; some examples include AOL Instant Messenger, Skype 2, Triton, Move Networks, and Viewpoint Media Player.