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...The Chez Scheme implementation consists of a compiler, run-time system, and programming environment. Although an interpreter is available, all code is compiled by default. Source code is compiled on-the-fly when loaded from a source file or entered via the shell. A source file can also be precompiled into a stored binary form and automatically recompiled when its dependencies change. Whether compiling on the fly or precompiling, the compiler produces optimized machine code, with some optimization across separately compiled library boundaries.