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Description 

ppParallel 

All pipes are called one after another on each processing stage, before proceeding to the next. This type of operation is usefull when all channels are interdependent. If a signal is multiplexed (for example) then the next block of data for any of the channels can not be fetched until all channels have processed their current data. 

ppSerial 

Each pipe is first processed in full length before the processing of the next pipe begins. The channels are independent. Fetching a new block of data for one channel will not affect the other channels in any way.