What does this format store?+
PSD stores a Photoshop image document rather than only a finished photograph. Its structure separates the header, colour-mode data, image resources, layer-and-mask information and image data. This preserves a working representation for editing while also permitting a composite image representation for consumers that do not interpret every layer.
How does compression affect quality?+
PSD channel compression is lossless, but a document may contain previously lossy source assets. Composite rendering and layer editing are different capabilities; this page does not claim portable animation playback.
Does a PSD preview preserve its editable layers?+
No. A composite preview is rendered pixel data. Layers, masks and resources require a PSD-aware editor; exporting the preview cannot recreate them.
What should I check before opening the file?+
Check the document depth, colour mode and editing features supported by your editor. PSD and the larger PSB variant have different limits; successful composite display is not a complete editing round trip.
What changes when I export to another format?+
Raster export flattens the chosen visible composition. It can lose masks, text editability, blend settings and extra channels. SDR targets may need tone mapping for a 32-bit document; JPEG also removes alpha.
When is this format useful?+
Use PSD for ongoing compositing, retouching and layered artwork in a compatible editor. A viewer that shows the composite does not prove it can preserve every editing feature. Keep the document as the working original and export a rendered delivery image separately; animation and timeline data should not be assumed to behave as a portable GIF-style sequence.