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The GIF format supports animation and a limited color palette, making it ideal for simple animations and icons. It uses lossless compression, has a relatively small file size, and is widely used on the web. The extension used is .gif.

BMP is an uncompressed image format that provides high-quality images but with a large file size. It supports a wide range of color depths and is suitable for applications that require accurate color representation. The extension used is .bmp.