FLAC (Free Lossless Audio Codec) compresses audio without losing any data. "24-bit" refers to the bit depth, which offers 256 times more amplitude resolution than a standard CD (16-bit). The sample rate usually sits at 96kHz or 192kHz.
The existence of a "true" 24-bit version is a subject of debate among audiophiles. dr dre the chronic 2001 24bit flac vinyl best
Summary
Vinyl isn't technically "better" than high-res digital, but it is different . For 2001 , the original 1999 vinyl pressing (Interscope/Violator – catalog # 069490486-1) is legendary. FLAC (Free Lossless Audio Codec) compresses audio without