1. A method for losslessly compressing and encoding signals representing image information, the image comprising a plurality of frames, the method comprising: compressing a first frame thereby creating a compressed version of the image; quantizing the compressed version of the image thereby creating a lossy version of the image; serializing the quantized compressed version of the image thereby creating a serialized quantized compressed version of the image; compressing a second frame of signals representing the image; determining the differences between the first frame and the second frame of the image thereby creating a residual version of the image; and outputting the lossy version of the image with the residual version of the image, wherein the combination of the lossy version of the image and the residual version of the image is substantially the same as the original image.