The Three Formats Explained
Almost every image on the web is one of three formats: JPG, PNG, or WebP. Each is built for a different kind of image. JPG is a photo-format optimised to throw away detail your eye does not catch. PNG is a graphics-format that preserves every pixel exactly and supports transparency. WebP is the modern hybrid: it does both lossy and lossless, supports transparency, and is usually smaller than either of the older formats at matched quality.
A converter is genuinely re-encoding the image. The pixels are decoded from the source format into a raw bitmap, then re-encoded into the target format. The file extension is not just renamed; the bytes are different. That matters because every lossy re-encode adds a small amount of generational quality loss. The rule is to convert once and keep the result rather than round-trip the same image through JPG twice.