Cookies are little pieces of data stored on your browser so that when you reload a website, it can see what you were up to last time. Most first learn about cookies as a way of storing session tokens and what not so you don’t have to re-login every time you visit a website for example. It’s still used like that today, but it also enables a lot of cross-site tracking and enables companies like Facebook & Google to harvest data and present better ads.
Similar to a Cache, but a Cache is just content that the servers gave you so that you don’t have to re-download them.
Accepting all cookies just means that websites don’t have to ask to store some data on your machine.
Cookies = Piece of data about the last time you were on that site
Cache = Piece of data the servers gave you, stored on your machine so you don’t redownload it
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