What is the difference between oil-based and water-based polyurethane finishes for wood surfaces?

Oil-based polyurethane finishes are made with oil as the base and provide a more durable and long-lasting finish compared to water-based polyurethane finishes. Water-based polyurethane finishes are made with water as the base and are more environmentally friendly, dry faster, and have less odor compared to oil-based finishes.