pigz -parallel gzip

Here is a short description of pigz:

pigz, which stands for parallel implementation of gzip,
is a fully functional replacement for gzip that exploits
multiple processors and multiple cores to the hilt when compressing data.

And for the installation:

sudo yum install pigz

With pigz, if you don’t have many things running on your multi processor machine then you will see a significant improvement when you are gzipping the files.

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