what is foreign key and local key in laravel relationship code example

Example: laravel foreign key

Schema::table('posts', function (Blueprint $table) {
    $table->unsignedBigInteger('user_id');

    $table->foreign('user_id')->references('id')->on('users');
});
OR
Schema::table('posts', function (Blueprint $table) {
    $table->foreignId('user_id')->constrained();
});