PNG is a raster graphic data storage format that uses lossless compression algorithm to Deflate. PNG was created as a free format to replace GIF. PNG supports three main types of raster images: grayscale image, a color indexed image and the color image. PNG format stores graphical information in a compressed form.
JPG extension was assigned to the image files. Many photos and web graphics are saved in JPG. In order to compress many bitmaps are saved in .jpg, that makes it easier to transfer and download these files on the Internet. JPG format based on the 24-bit color palette, the higher the level of compression applied to create the file JPG, the greater the decompression effect on image quality.