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Explore file compression algorithms and standards in Node.js through this engaging 24-minute talk from JSConf EU 2017. Dive into the world of streams, audio buffers, and typed arrays to learn how to compress and decompress files on the fly. Discover techniques for manipulating lossless files and working with audio data in a Node.js environment. Follow along as the speaker demonstrates practical examples, including compressing and decompressing your favorite Phil Collins song. Gain insights into efficient file handling and optimization techniques that can be applied to various programming projects.