What are the differences between transversion and transition mutations in terms of their impact on genetic variation and evolution?

Transversion mutations involve the substitution of a purine base with a pyrimidine base, or vice versa, while transition mutations involve the substitution of a purine base with another purine, or a pyrimidine base with another pyrimidine. Transversion mutations typically have a greater impact on genetic variation and evolution compared to transition mutations, as they are more likely to result in changes to the amino acid sequence of a protein, potentially leading to functional differences.