what actual differences between freestyle&racing

HI,

cause i know freestyle is about tricks and things like that. racing is all about speed. so whats the differences in their frames? i know that freestyle bikes have those pegs in front and/or back. is that it? can i race with a freestyle bike?

Please help.

I didn’t find the right solution from the Internet.

References:
https://bmxmuseum.com/forums/viewtopic.php?id=119323
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Thanks!