Until recently I only knew of .MP3 and what ever iTunes translates files to. Now I have been slowly converting my music library to FLAC files, and enjoy the better sound quality very much. Anyways, I am now aware of other hi-fi file-types and was wondering if anyone could provide a list of them or at least the good ones in a relative sound quality order if possible, and/ or explications of what makes them different etc.
Basically I just need a good run-down of audio file types and what the differences are.
Thank you for reading; your time and consideration is highly appreciated.