The tool loads a WebAssembly build of FFmpeg only when you start an export. Its fps filter samples the source timeline at a constant rate, dropping frames when you reduce FPS and repeating frames when you increase it. The first audio track is re-encoded to AAC and kept on the original timeline, so changing frame rate does not make the video faster or slower.
Exports use H.264 video in an MP4 container for broad playback compatibility. Subtitles, extra audio tracks, chapters, attachments, and source metadata are not copied. Browser memory and processor speed make this best for short or moderate clips. The conservative file limit is 100 MB on mobile or lower-memory devices, 250 MB on a typical desktop, and 500 MB on high-memory desktops.