ivsEdits supports editing and mastering of PAL, NTSC, HD, 2K and 4K clips and projects.
[3] ivsEdits is a resolution independent and "timeline based" video editor, featuring advanced editing tools, realtime effects, LIVE features, like up to 4 Live inputs, Live non Linear Multicamera Editing and remote of DMX Devices (lights, smoke machines, et.c).
It supports several file formats and codecs as well as Blackmagic Design I/O cards and FireWire/iLink OHCI devices.
ivsEditsLE features the same editing toolset of the commercial version, but has some limitations in the number of natively supported video codecs and doesn't include some additional software (integrated CG, file transcoding and professional TV playout).
The licence is freeware/closed source; the software is free and can be used without a cost for an unlimited time.