We give the first communication-optimal document exchange protocol. For any and our randomized scheme takes any -bit file and computes a -bit summary from which one can reconstruct , with high probability, given a related file with edit distance $ED(F,F’) \leq k$. The size of our summary is information-theoretically order optimal for all values of , giving a randomized solution to a longstanding open question of [Orlitsky; FOCS’91]. It also is the first non-trivial solution for the interesting setting where a small constant fraction of symbols have been edited, producing an optimal summary of size for . This concludes a long series of better-and-better protocols which produce larger summaries for sub-linear values of and sub-polynomial failure probabilities. In particular, the recent break-through of [Belazzougui, Zhang; FOCS’16] assumes that , produces a summary of size $O(k\log^2 k

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