What are the differences between RGB 8 and RGB 16 color formats?

RGB 8 color format uses 8 bits for each color channel (red, green, blue), allowing for 256 shades per channel. RGB 16 color format uses 16 bits for each channel, providing a wider range of colors with 65,536 shades per channel. This means RGB 16 can display more detailed and accurate colors compared to RGB 8.