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73416ba
(Get the code!)
I am running both the nightly build and v0.48.1 and the nightly build is a stand alone and it runs 30% faster than my installed version.
Although the installed edition struggles with layers even without effects.
As soon as you apply multiple effects and continue editing everything stops. I have noticed that effects are effected if you the applicated area with something else. Maybe is the area that has an effect becomes permenant then the sluggishness will stop.