A GIF or Graphical Interchange Format is a type of highly compressed image. Owned by Unisys, GIF uses the LZW compression algorithm that does not degrade the image quality. For each image GIF typically allow up to 8 bits per pixel and up to 256 colours are allowed across the image. In contrast to a JPEG image, which can display up to 16 million colours and fairly touches the limits of the human eye.
PSD, Photoshop Document, represents Adobe Photoshop's native file format used for graphics designing and development. PSD files may include image layers, adjustment layers, layer masks, annotations, file information, keywords and other Photoshop-specific elements. Photoshop files have default extension as .PSD and has a maximum height and width of 30,000 pixels, and a length limit of two gigabytes.
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