The difference between FAT NTF and ReFS
FAT
The basic file system partition size limit supports larger disks FAT32 exFAT developed for flash drives
NTFS
Metadata audit and log security (ACL and encryption)
Provided by ReFS (encryption of files within the partition is not supported)
NTFS's backward compatibility support enhanced data validation and error correction support for larger files, directories, and volumes
Note: if the storage is a file, it is recommended to use NTFS;. If the storage is a virtual machine file, it is recommended to use ReFS.