What Is the Difference Between Parchment Paper and Wax Paper?

What is the difference between parchment paper and wax paper and when is it best to use each one? Only parchment can go in the oven, but otherwise they're much the same.
What is the difference between parchment paper and wax paper and when is it best to use each one? Only parchment can go in the oven, but otherwise they're much the same.

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