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Additional Links
You may find some useful information by following these links
https://www.curseforge.com/minecraft/mc-mods/flywheel
Flywheel is a rendering engine for Minecraft allowing developers to create custom models and shaders in a high-performance way that is better than the vanilla rendering engine.
The rendering engine inside Minecraft is quite old and not optimised for advanced high-quality, highly detailed voxels. Flywheel was created so the developer could have fun with graphics programming while fixing the rending engine in the game.
Flywheel lets developers take advantage of GPU instancing and GPU optimisation in general to have better performance and to create custom
While you can still optimise for individual CPUs and GPUs, Flywheel is making abstraction interfaces to more easily access the GPU/CPU data. You need not worry about it while making shaders and rendering entities. Note that this functionality is still in progress and may not work well on all hardware.
Flywheel also adds enhancements to the vanilla rendering engine to make it faster.
The mod does work with Optifine, but if you use Optifine+Shaders, Flywheel's optimisations will be disabled. Similar story to Iris Shaders; however, a mod called Iris & Oculus Flywheel Compat fixes this.
Flywheel is used in many popular mods such as Create, Calemi's Organized Crime, Integrated Dungeons and Structures, and many others.