is a good start :)
Douglas-Peucker is one of the more common alogorithms, and there are
certainly implementations available in most languages (I've used a PHP
one) - there are even JS ones (I think there was one tailured for v2
not sure about v3)
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V3 implements something like Douglas-Peucker in JavaScript. Are you sure you need to pre-simplify your polylines?