Pigz, which stands for Parallel Implementation of GZip, is a fully functional replacement for gzip that exploits multiple processors and multiple cores to the hilt when compressing data. Pigz was written by Mark Adler and does not include third-party code.
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pigz (this link opens in a new window) by madler (this link opens in a new window)

A parallel implementation of gzip for modern multi-processor, multi-core machines.

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