Difference between AppLoading and splashscreen

I am quite confused between the AppLoading component and a Splashscreen. Could someone please enlighten me on that? Is the AppLoading configurable?

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AppLoading is a component that you render as the only component as long as you want the splashscreen/loadingscreen to be visable.
For example if your are loading fonts asynchroiously.
See this for an example: https://docs.expo.io/versions/v19.0.0/sdk/app-loading.html