This presentation discusses peephole optimization. Peephole optimization is performed on small segments of generated code to replace sets of instructions with shorter or faster equivalents. It aims to improve performance, reduce code size, and reduce memory footprint. The working flow of peephole optimization involves scanning code for patterns that match predefined replacement rules. These rules include constant folding, strength reduction, removing null sequences, and combining operations. Peephole optimization functions by replacing slow instructions with faster ones, removing redundant code and stack instructions, and optimizing jumps.