[fivesigma]

>How can it support thousands of colors

Temporal dithering. Also called FRC - frame rate control.

You might not notice it, but if you are on a TN monitor right now (almost all non-professional monitors) this technique is being used to emulate 24 bit color. Most TN panels can only display 6 bits per channel.

[ttoinou]

How cool ! That's why the GIF are so heavy it must be something like 100 FPS