CR2 is a graphic file format developed by the manufacturer of camcorders and cameras Canon. This means that all images made by the equipment of this manufacturer are saved by default in CR2 format (short name from Canon Raw Image File). One of the most attractive properties of images of the specified format is their high quality, even if the file is being edited (color balance, contrast, brightness change). Data for the CR2 format image is obtained directly from the matrix. Among the main drawbacks of the format are the large file size, as well as poor compatibility with other software products.
PSD is a fairly common raster image format; the most popular graphic editor Adobe Photoshop is used to create files of this format. The name of the format is an abbreviation for Photoshop Document, and the developer is Adobe Systems. In other words, it is a graphic file format specially created for this program. Its feature is that it stores text information, layers, layer masks. PSD saves all layers created when working in Adobe Photoshop, and you can continue to work with them at any time. Also uses transparency and translucency options.