What is the effect of marking a version in a version field as "Released"?

I see that some of the version fields can be edited to show each version as "Released".  What is the effect of this?  Unlike setting a version to "Archived" released versions still appear in the related dropdown.

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Hi!

The "Released" option affects the sorting order of value in drop-down lists: unreleased versions are shown on top of drop-down lists in Fix versions field, while in Affected versions they are shown on the bottom of the list.

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