The MXF file is considered the current standard and the future of digital video files. The MXF file extension was created as a platform-agnostic solution. This was a significant problem, particularly for professionals in the field because they frequently had to work with sub-standard video files and somehow make them appear more professional. Before the MXF file extension was created, there was a great deal of inconsistency among file formats for digital video files. These individual streams can be in several different compression formats. The MXF file is essentially a "container" file that contains multiple different streams that make up the video. Because both the QuickTime and MP4 container formats can use the same MPEG-4 formats, they are mostly interchangeable in a QuickTime-only environment. The International Organization for Standardization approved the QuickTime file format as the basis of the MPEG-4 file format. QuickTime File Format (QTFF) is a computer file format used natively by the QuickTime framework. MXF files can also be easily converted to the AVI or MOV file types if needed.
The Society of Motion Picture and Television Engineers created the MXF file format to make it easier to work on the video files on different components, including servers, editing equipment that can handle digital files, cameras, etc. The MXF file contains the audio and digital data components that combine to create the overall complete video. The best description of the MXF file extension (Material Exchange Format File) is similar to an actual videotape, but it is in a newer digital format.
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