PNG, Portable Network Graphics, refers to a type of raster image file format that use loseless compression. This file format was created as a replacement of Graphics Interchange Format (GIF) and has no copyright limitations. However, PNG file format does not support animations. PNG file format supports loseless image compression that makes it popular among its users. With the passage of time, PNG has evolved as one of the mostly used image file format.
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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