1. Video coding method of exploiting the temporal redundancy between successive frames in a video sequence, comprising the steps wherein a reference frame, called an I-frame, is first approximated by a collection of basis function, called atoms, and wherein either the atoms are quantized, entropy coded and sent to a decoder or t the original I-frame is encoded and transmitted to the decoder using any frame codec, and wherein following predicted frames, called P-frames, are approximated by the geometric transformations of the basis functions (atoms) describing the previous frame, and that the parameters of the geometric transformation are quantized, entropy coded and sent to a decoder in order to reconstruct the predicted frames.