Sessionstorage is a temporary holder within the browser that lasts from page to page but not across tabs or browsers or sessions or domains. When you close the tab or browser the information goes away.
Cookies hold data that can not be read by other domains.
Note 1: sessionstorage is a temporary file on your device, however if your browsers terminates without cleaning up properly (crashes or device reboot), the file might remain on your device.
Note 2: a session, here, means for as long as the tab or browser is opened
Note 3: each value stored in a cookie is given an expiry date and time, which means it can expire as soon as you close the tab or browser or leave this domain to go to another domain