char *arr; above statement implies that arr is a character pointer and it can point to either one character or strings of character
& char arr[]; above statement implies that arr is strings of character and can store as many characters as possible or even one but will always count on '\0' character hence making it a string ( e.g. char arr[]= "a" is similar to char arr[]={'a','\0'} )
But when used as parameters in called function, the string passed is stored character by character in formal arguments making no difference.