Lossless: reduces file size without losing audio quality.
Common types of files- FLAC and WAV
Lossy: reduces file size by removing audio data that can’t be recovered.
Common types of files- MP3 and AAC
Differences between compression and normalization:
Compression cuts down the range of volume to make it more consistent throughout the piece
Normalization fixes the volume overall so that the highest points of volume don’t pass a certain threshold.
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