JPEG- They are essentially used to store as many pictures.
TIFF- it has a lot bigger and takes up space.
RAW- it requires a lot of memory cards.
DNG- it was created by adobe. its offered as a raw file.
PNG- this format was designed in the 90’s. It is ideal for the use in the internet.
GIF- its is also a ideal use on the internet. they offer to keep the transparency.
BMP- this format was invented by Microsoft. it provides a high-quality digital file.
PSD- this format gives a far by greater flexibility. you can add separate layers. once it is flatten it merges the layers.