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.
GIF is one of the most common raster image formats. Its name is an abbreviation for Graphics Interchange Format File. The developer is the CompuServe organization. A feature of this particular image format is its ability to support the animation function. You can edit animated GIFs in different programs (for example, Easy GIF Animator). Animation is achieved due to the fact that a file of this format carries in itself in a certain sequence several raster images at once. With a depth of up to 256 colors, significant data compression in GIF files is possible without loss of quality.