Abstract: Embodiments of the invention include a method and system for data compression which includes receiving as input a data stream, the data stream comprising a sequence of symbols, identifying the first symbol in the data stream, identifying positions in the data stream where the first symbol is repeated, encoding all position in the data stream representing the first symbol and repeating the process until all symbols in the data stream are encoded. The encoding is performed using a binomial encoding technique, where the binomial values are computed and summed thereby achieve better lossless compression.