Add support for configuring compression algorithm and level

[Hemansh31]

From what I can tell, currently the compression algorithm used during writes is hard coded to lz4. I have use cases that would heavily benefit from a reduced on-disk storage space if zstd compression is done at level 19 and would not mind the slightly slower read speeds. Is it possible to configure this either at library level or even globally?

[phoebusm]

Hi @Hemansh31 we currently don't support configure the compression algorithm. Adaptive encodings are in our priority list but not being activaly worked on at the moment