To summarize, stack memory is utilized for static memory allocation, while heap memory is used for dynamic memory allocation, both of which reside in the computer's RAM. The compiler manages the allocation and deallocation of stack memory, whereas this responsibility falls to the programmer for heap memory. Regarding lifespan, memory allocated on the stack is automatically released when it goes out of scope, unlike heap memory, where the programmer must handle its duration manually. One key difference is that allocating memory on the stack is significantly faster than on the heap due to the differing methods of memory management. However, stack memory is subject to a size limitation established at the program's start, while heap memory is constrained only by the total addressable memory. In terms of performance, improper handling of heap memory can lead to issues such as memory leaks and fragmentation, which can negatively impact program performance. In contrast, stack memory, managed by the compiler, does not face these problems. However, excessive recursive calls can lead to stack overflow.