What are the main differences between tiff and jpeg file formats, and which one is better for preserving image quality?

The main differences between TIFF and JPEG file formats are that TIFF is a lossless format, meaning it retains all image data, while JPEG is a lossy format, which compresses image data and may result in some loss of quality. TIFF is better for preserving image quality as it does not compress the image data, while JPEG is more suitable for web use or sharing due to its smaller file size.