  The amount of video content and the number of applications based on
multimedia information increase each day. The development of new video coding
standards is a challenge to increase the compression rate and other important
features with a reasonable increase in the computational load. Video Experts
Team (JVET) of ITU-T and the JCT group within ISO/IEC have worked together to
standardize the Versatile Video Coding, approved finally in July 2020 as ITU-T
H.266 | MPEG-I - Part 3 (ISO/IEC 23090-3) standard. This paper overviews some
interesting consumer electronic use cases, the compression tools described in
the standard, the current available real time implementations and the first
industrial trials done with this standard.
