What are the differences between parchment paper and freezer paper, and how do they affect their respective uses in cooking and food storage?

Parchment paper is a non-stick paper that is heat-resistant and used for baking and cooking. Freezer paper, on the other hand, has a plastic or wax coating on one side and is used for wrapping and storing food in the freezer. Parchment paper is ideal for baking as it prevents sticking and promotes even cooking, while freezer paper is better for long-term storage as it provides a barrier against air and moisture to keep food fresh in the freezer.