The ViewState property provides a dictionary object for retaining values between multiple requests for the same page. This is the default method that the page uses to preserve page and control property values between round trips.
When the page is processed, the current state of the page and controls is hashed into a string and saved in the page as a hidden field, or multiple hidden fields if the amount of data stored in the ViewState property exceeds the specified value in the MaxPageStateFieldLength property. When the page is posted back to the server, the page parses the view-state string at page initialization and restores property information in the page.
A cookie is a small amount of data that is stored either in a text file on the client file system or in-memory in the client browser session. It contains site-specific information that the server sends to the client along with page output. Cookies can be temporary (with specific expiration times and dates) or persistent.