What is claimed is:
1. A system for storing, retrieving, and transmitting data in a highly compact format, comprising: a count sketch engine comprising a first plurality of programming instructions stored in a memory and operable on a processor of a computing device, wherein the programming instructions, when operating on the processor, cause the processor to: receive a set of training data comprising a plurality of data chunklets, each chunklet possessing an estimated frequency of occurrence; for each data chunklet within the set of training data, perform the following: update a set of hash tables corresponding to the data chunklet and a corresponding count of hash table entries; if the data chunklet is within a heap of data containing a set of the most frequent data chunklets, increment a count corresponding to the data chunklet; and if the data chunklet is not within the heap of data, estimate a frequency of occurrence for a value of the data chunked, and add the data chunklet to the heap of data while evicting a data chunklet having a lowest frequency of occurrence in the heap of data when the estimated frequency of occurrence is greater than the lowest frequency of occurrence; and generate a set of frequency data for the set of the most frequent data chunklets in the set of training data using data stored in heap of data; a Huffman tree creator generating a reference code library using set of frequency data for a plurality of the most frequent data chunklets in the set of training data, comprising a second plurality of programming instructions stored in the memory and operable on the processor of the computing device, wherein the programming instructions, when operating on the processor, cause the processor to: create a first Huffman binary tree based on the frequency of occurrences of each word in the set of training data; assign a Huffman codeword to each data chunklet in the set of training data according to the first Huffman binary tree; and construct the reference code library, wherein the reference library stores the reference codes and their corresponding words as key-value pairs in the library of key-value pairs; wherein the reference code library comprises data chunklets and reference codes corresponding to the data chunklets; a data deconstruction engine comprising a third plurality of plurality of programming instructions stored in the memory and operable on the processor of the computing device, wherein the programming instructions, when operating on the processor, cause the processor to: receive run-time data; deconstruct the run time data into a run time set of data chunklets; retrieve the reference code for each chunklet from the reference code library; where there is no reference code for a given chunklet, create a reference code, and store chunklet and its newly-created reference code in the reference code library; and create a plurality of warplets representing the data, each warplet comprising a reference code to a chunklet in the reference code library; and a data reconstruction engine comprising a fourth plurality of programming instructions stored in the memory and operable on the processor of the computing device, wherein the programming instructions, when operating on the processor, cause the processor to: receive the plurality of warplets representing the data; retrieve the chunklet corresponding to the reference code in each warplet from the reference code library; and assemble the chunklets to reconstruct the data.