As storage space becomes cheaper, there's a growing trend to save digital music files in a lossless format. Such lossless formats provide an exact replication of the audio quality found in the original content, usually on CD. The resulting files are also much larger, when compared to MP3 or AAC at 128kbps or 256kpbs. A favourite open source lossless audio codec is FLAC, which stands for Free Lossless Audio Codec. Within the possible FLAC settings there are 8 levels of compression to choose from when creating new files.
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