This format is used for storing several types of bitmaps, including animations. MNG allows you to store lossy and lossless images with compression. This format provides you with more options than GIF for saving animated files while keeping the original image size.
GIF is a format for the exchange of images. It is a popular format graphics. Capable of storing compressed data without loss of quality in the format of not more than 256 colors. GIF format was developed in 1987 (GIF87a) by company CompuServe for transferring raster images over networks. In 1989, the format has been modified (GIF89a), have been added support transparency and animation.