Free Lossless Audio Codec (FLAC)
Definition - What does Free Lossless Audio Codec (FLAC) mean?
Techopedia explains Free Lossless Audio Codec (FLAC)
There are many advantages in using the FLAC format. Since it is open source, there is no need to obtain a license. It has a large hardware support and can be ported to many platforms and systems. It supports streaming, and the decoding is fast, independent of the compression ratio. Another benefit of using the format is in the ability to partially restore corrupted files.
However, the compression ratio used in the format is less efficient compared to that used by other encoders.