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From what I can see, it's more like a specialized ZIP-like compressor for Vorbis/Opus files. You archive them on blr, and decompress them back to the original format.

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Kinda like what Dropbox Lepton did for JPEG back then.

https://github.com/dropbox/lepton

Ah, it's basically a PAQ context.

Simpler: it's basically ZIP but specific to one format.

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