JSON stands for JavaScript Object Notation which is similar to XML. JSON is a human-readable format that is mainly used for data exchange and is considered the standard format of all kinds. JSON is presently the most standard means of data exchange on the world wide web. It is also used avidly in Rest APIs. Booleans, numbers, arrays, and strings are the supported JSON formats. BSON is a binary encoding, which stands for Binary JavaScript Object Notation that is used by MongoDB for storing documents. Its characteristics and usage are similar to JSON. It also makes room to accommodate data types like Date. BSON documents are generally ordered. In terms of space, BSON works with less space compared to JSON which makes it fast. Encoding and decoding in BSON are very swift.