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.
TIFF is a format for storing raster graphics. It is used for scanning and OCR text, faxing, printing industry, is widely supported by a variety of graphics applications. The format was developed by Aldus Corporation in collaboration with Microsoft for use with PostScript. Who is copyright to it owns Adobe Systems. The format used to store images with great depth of color.