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Isn't MPEG encoding slow? How does PowerProducer 2.0 Gold increase production speeds?

PowerProducer 2.0 Gold has adopted a technology named SVRT 2 (Smart Video Rendering Technology), which only encodes the modified part of the original video sequence. It's the smartest way to render MPEG with the possibility to retain the original video quality.

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Isn't MPEG encoding slow? How does PowerProducer 2.0 Gold increase production speeds?