High efficiency image file format (HEIC) is coded by HEVC codec (High efficiency Video Compression). It is usually used by Apple for the HEIF image format. It contains an image sequence and it is good for live photos. The best part is, it is storage saving. It can store two times more pictures than the JPEG format in the same storage as it has the next-generation file compression.

.png (Portable Network Graphics) The .png format is a raster graphics file format that supports lossless data compression. It was created as an improved and non-patented replacement for Graphics Interchange Format (GIF). PNG files are widely used on the internet due to their efficient compression and support for transparent backgroundsThey are ideal for detailed, high-quality images and graphics with a small file size, making them a popular choice for web designers and photographers.