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.
JPEG is one of the most popular graphic formats used for storing still images and similar images. JPEG algorithm is capable of compressing the image as lossy and lossless. The most widely used JPEG received in digital photography and picture archiving and communication via the Internet. JPEG compression is not suitable for drawings, text and iconic graphics.