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PNG is a lossless image format that supports transparency, making it ideal for logos, icons, and web graphics. Unlike JPEG, PNG doesn’t lose any image data during compression. It retains high-quality detail, especially in images with sharp edges, and is commonly used for design work where transparent backgrounds are required.
ICO is an image file format used for storing icons in Windows operating systems. ICO files can contain multiple sizes and color depths of the same icon, allowing the system to choose the appropriate version based on the display resolution. ICO files are commonly used for website favicons and desktop application icons.