Convert squashfs to txz

What is the difference between .squashfs and .txz?

Description: It is a Linux compressed a read-only file that supports compression of block sizes from 4 KiB to 1 MiB using various compression codecs. The free application used to access Squashfs filesystems is also known as Squashfs.; The TXZ file format is a combination of TAR archiving and XZ compression. It is used to pack multiple files into a single archive (TAR) and then compress it using XZ compression to reduce the file size. The TAR aspect allows for the collection of various files and directories into a single file, preserving their structure and attributes. The XZ compression, known for its high compression ratio, further compresses this archive, making the resulting TXZ file more efficient for storage or transmission.