What are the main differences between tiff and jpg file formats and which one is more suitable for high-quality image preservation?

The main differences between TIFF and JPG file formats are that TIFF is a lossless format, meaning it retains all image data, while JPG is a lossy format, which compresses image data and may result in some loss of quality. TIFF is more suitable for high-quality image preservation because it maintains all image data without compression, making it ideal for storing images in their original quality.