Panel Types
Like TVs, different types of monitors use a variety of specifications to provide either similar or specific purposes.

TN (Twisted Nematic)
Popular budget-wise, TN panels are generally favored for gaming due to high refresh rates and low pixel response times for gamers that want the least amount of latency during their experience.

IPS (In-Plane Switching)
Mainly geared towards professional usage related to creatives and color accuracy, IPS provides higher color, brightness, and viewing angles performance. Compared to the TN, it has a higher response time.

VA (Vertical Alignment)
A panel that stands in between TN and IPS. VA supports per-pixel dimming, providing a better contrast experience. VA panels come with better viewing angles and color reproduction versus TN, but they trade off a higher response time. Compared to IPS it may have somewhat less color accuracy and can be outperformed latency-wise.

OLED (Organic Light-Emitting Diode)
OLEDs are fixed-pixel displays where each pixel illuminates itself. Compared to LCDs, a backlight is required and will not display a perfect black visually. OLED can potentially achieve color and brightness to realistic aspects. It can also run well with high refresh rates and low-latency response time. This panel is not budget friendly and can be prone to burn-in by design.