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So what exactly is Parcel? The website says it has "a new JavaScript compiler written in Rust" but I thought JavaScript was an interpreted language?

The JavaScript ecosystem is so dang confusing. I'm glad I'm not a frontend dev who has to deal with that hot mess.

Calling it a compiler is not great IMO, but it is a js bundler/transpiler.

You set it up, and write your js code, and parcel spits out the final, ready to embed in your html file, js and css assets.

That's oversimplified, but the basics all the same.