H.265 / HEVC

H.264 is a joint ITU-T and MPEG video compression standard that provides for improved video quality and compression over its predecessor H.264.

The video codec can support resoutions up to 7680x4320.

The standard is currently under deveopment and expected to be approved in early 2013.

Resources: Wikipedia Article

See Also: CODEC, H.264 / AVC, Voice over IP (VoIP), Videoconferencing (VC)