What is the difference between Workflows and Process Builders? (Salesforce)

Workflow	Process Builders
Workflow is automated process and it can be created using point and click	Process Builder is automated process which uses visual designer.
Workflows will only helpful to update the same object or master object in custom master-detail relationships.	The process builder can update/create records of related objects on the update/insert of the record.
You cannot create a record using workflow rules except Tasks.	You can create records using the process builders.
Workflow rules perform only 4 actions.	Process builders can perform 8 actions.
Below is the list of actions can be performed by the workflow rules: Update a field Send an email Create a Task Send an outbound message (communication with another system)	Below is the list of actions can be performed by the Process builders: Create a record (not just Tasks!) Update related records Launch a Quick Action Post to Chatter Launch a Flow Call Apex code Submit for approval Invoke another process
Workflow rules support time based actions.	Process builders support time based actions.But only one scheduled-actions per criteria. This means that in the same Process.

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