Get to grips with key image-editing terms
The Version menu records the edits you’ve made to a file at a particular time. It’s a bit like a History Snapshot in Photoshop, but stored with the RAW file.
RAW v JPEG
Versions are stored in a RAW file’s metadata, so Capture can access them when you re-open the file. You can create versions of JPEGs, but they won’t be saved when you close the file.