VP8 is a royalty free video compression format (also known as a video codec).

VP8 was open sourced by Google and is being used as the current default implementation of video codec in WebRTC.

VP8 is available in all browsers that support WebRTC. It is one of the mandatory to implement video codecs in WebRTC.

VP8 is said to be on par with H.264.

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About WebRTC Glossary

The WebRTC Glossary is an ongoing project where users can learn more about WebRTC related terms. It is maintained by Tsahi Levent-Levi of BlogGeek.me.

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