Differences Between Image File Formats (RAW, DNG, TIFF, GIF, PNG, JPEG)
After you’ve captured great photos of properties, lawns, interiors, and more, you are most likely going to save those images so you can upload them to your website or print them for your portfolio. Do you save them in TIFF, JPEG, PNG, DNG or some other file format?
Before discussing the image file types that photographers commonly use, it is important to know the concept of lossy and lossless file compression. A lossy algorithm removes some information in the digital file to reduce the file size. However, the loss of information lowers the overall quality of the image. Lossy files can be saved in your computer at various quality levels.
On the other hand, a lossless algorithm retains all the information in the image. But that also means lossless files takes a lot of space in your storage device.
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https://www.photoup.net/differences-between-file-formats-raw-dng-tiff-gif-png-jpeg/