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Does V compile directly to native machine code? Or is this just some scripting language that trans-compiles to C.

I've added a link to the home page, it explains everything with lots of details:

Which I read, one part says it compiles to native machine code, another says it emits C for optimization, so which is it?

And if it does compile to machine code, is it really running as fast as C as you claim? Or did you just say that because it trans-compiles to C.

It has 2 modes, one for debug (compile directly to machine code) and one for release (compile to c)

So in other words the released version is just a V to C writer? That sounds less like a language compiler and more like a glorified string converter.