Theravada and Mahayana are the two major branches of Buddhism, each with distinct beliefs, practices, and texts. While Theravada, often called 'the Teaching of the Elders,' emphasizes individual enlightenment through monastic life and adherence to the original teachings of the Buddha, Mahayana, known as 'the Great Vehicle,' focuses on the collective salvation of all beings and incorporates a broader range of texts and practices, including the veneration of Bodhisattvas.