Can someone explain to me how a 'constant current' source differs from PWM regulation? I understand that in flashlights PWM just generates pulses which average out to some specific brightness because our eyes are slow, thus the "digital" marketing scheme, it's all on or all off. I've been doing some research in another forum and I realized I don't know how a constant current regulator works. Does it operate a transistor (or two) in linear fashion like an amplifier? If so then the efficiency can't be too astounding because the transistor will dissipate heat.