A system for encoding and decoding a frame (also file), such as a video, graphic, media, or other frame or data, representing a real-time graphic output from a frame buffer, output by a video camera, or another file or data. The file includes frames each comprising macroblocks. Reference frame buffers (PFTs), virtual frame buffer tables (VFTBs) of equal number to the PFTs, each VFTB corresponds to a respective PFT, and respective sectors of each PFT for respective macroblocks are created. Frames of the file are encoded/decoded by successive encode/decode of macroblocks. A pointer is created in the VFBT associated with the PFT rather than encoding/decoding any matching macroblock. The pointer and its reference are relied on for each already encoded/decoded macroblock retained in the PFT. Processing, memory, bandwidth and power requirements for encoding or decoding are reduced.