Aspects


vs


Ico

ICO is an image file format (associated with ".ico" file extension) developed by Microsoft and designed for storing icons

Png

PNG (Portable Network Graphics) is an image file format designed to store raster graphics

Others

Quality Example
Larger

"However ico files if stored properly are not significantly larger than png files because since windows vista ico files can store png"

from question "Favicon format GIF or ICO?"

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