From text to a running module
The editor content is tokenized and parsed as S-expressions, then type-checked: every instruction must consume and produce stack values of the declared types, branch labels must exist, and exports must name real functions. Errors are reported with the offending line and column. When the checks pass, the module is encoded into the .wasm binary format, then validated and instantiated by the browser's WebAssembly engine before any of your calls execute.