Quote:
Originally Posted by Smiling Spectre
Unlike JPG, PNG saves much more info about source image (if not all - I am not sure)
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Yes indeed. PNG uses lossless compression so that there is no image degradation. JPG uses lossy compression, but the amount of compression can be controlled so as to reach a compromise between image quality and file size. PNG is definitely the better format for maintaining the original image quality.
Quote:
Originally Posted by Smiling Spectre
And thank you for your contribution! 
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You're very welcome. More to come.
Cheers
Eddie