How Video speed works
Video speed changes the playback rate of a clip from 0.25x to 4x directly in your browser, using ffmpeg compiled to WebAssembly. The video stream is rescaled with the setpts filter (a straight timestamp rewrite, so there is no frame blending or quality loss beyond the codec re-encode), and the audio track is time-stretched with the same atempo filter chain audio-speed uses, so the soundtrack follows the new pace without a chipmunk or slow-motion voice.
Speeds outside the 0.5x-2x range that a single atempo stage accepts are reached by chaining multiple stages automatically; you just pick a value from 0.25x to 4x. Nothing is uploaded: the file is read, processed and re-encoded on your own device.