Matroska Multimedia Container is a free open source format that contains four types of files: MKV (Matroska video), MKA (Matroska audio), MKS (subtitles), and MK3D (stereoscopic/3D video). For instance, the last one can be avoided when you use Elmedia Player because it’s a multi-feature Mac MKV player.
Additional file editing tools may be required. Has a larger file size than most other formats can offer. It’s supported by the Library of Congress, FADGI, and PERFORMA (preservation formats) project. Enables fast seeking using chapter markers. You can also include your own self-documentation. Allows you to add metadata without rewriting the whole file. Offers accessible, comprehensive, and clear documentation. Has reliable error restoration mechanisms. 
Uses both LAN and standard Internet protocol for streaming. Amazing video and audio streaming dynamics. Two compression options: Lossy and Lossless. It’s nonproprietary (open source and totally free). Highly flexible as it contains a large number of videos, audios, subtitles, pictures, 3D objects, and other files. 
Supports all video and audio codec combinations including H.265 (MKV HEVC movies). Just like any other video format, the MKV format has both pros and cons. 
Advantages and disadvantages of MKV format to consider
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