psd A .psd extension file is an image file created with the help of Adobe Photoshop. PSD is the default extension used for saving a Photoshop Image which can have either a single or multiple layers which can be worked individually even after having saved the file. The file can also be saved in other formats like .jpg, .tiff, .gif or other imaging formats but if a user wants to edit the individual layers later, it is necessary to save the .psd file without overwriting it while converting it to another format. Converting a .psd extension file into an image file in another format flattens the image so that it can be viewed as a regular image. The images created using this extension are of a very high resolution and the quality in terms of clarity is extremely good as compared to other commonly used image formats like .jpg, .png or .bmp.
tiff The TIFF format was developed by the company Aldus in 1986, which was later acquired by Adobe systems who now own the rights on the format specification. TIFF, which refers to the Tagged Image File Format, is a raster graphics file format popularly used in desktop publishing and print. Its initial development goal was to create an alternative and cross platform format that would replace the numerous proprietary formats used by scanners developed in the 80's. Later revisions, after Adobe took over the development of the format, saw the TIFF format become extensible to adapt with growing and changing needs of the graphics industry. TIFF supports high color depth and is well suited to OCR applications, scanning, image editing and authoring as well as word processing. The format uses the filename extension .tiff for files stored in the format.