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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.
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TIFF or TIF, Tagged Image File Format, represents raster images that are meant for usage on a variety of devices that comply with this file format standard. It is capable of describing bilevel, grayscale, palette-color and full-color image data in several color spaces. It supports lossy as well as lossless compression schemes to choose between space and time for applications using the format.
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