Is there any open source audio compression format like that? Lossless and very fast. I haven't found any yet. EDIT: I'm thinking about a format that would be suitable as a replacement for uncompressed WAV files in DAWs. Rendered tracks often have large sections of silence and uncompressed WAVs have always seemed wasteful to me.
My application is to send audio (podcast recordings) to a remote audio engineer friend who will do the post processing, then round trip it to me to complete the editing.
Wav is so big it makes a 1 hr podcast a difficult proposition.
MP3 is unsuitable because compression introduces too many artefacts the quality suffers unacceptably.
What do other people do in this circumstances?