bzip2 is a Unix command used for compression and decompression of files. The main advantage of bzip2 is that it has a high compression ratio with reasonable speed.
bzip2 one of the most widely used free compression programs for the terminal.
It typically compresses files to within 10% to 15% of the best available techniques, whilst being around twice as fast at compression and six times faster at decompression.
The current version is 1.0.6, released 20 Sept 2010.