StateFlow is a hot stream with a current value (always has one) and replay=1; it’s designed to represent state. SharedFlow is a hot stream for events with configurable replay/buffer; it may have no current value. Use StateFlow for state, SharedFlow for events.
Expanding on the short answer — what usually matters in practice:
A tiny example (an explanation template):
// Example: discuss trade-offs for "stateflow-vs-sharedflow:-what’s-the-difference?"
function explain() {
// Start from the core idea:
// StateFlow is a hot stream with a current value (always has one) and replay=1; it’s designe
}