GIF File format introduction
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.
JPG File format introduction
JPG compression helps reduce file sizes of images, photos, pictures, and graphics. This reduction allows easier uploads to social media or sharing with friends. Extensions used are .jpg and .jpeg.