I would not be surprised if everything I recorded from now on was digital, except for when I turn on my tape recorder to hear myself practice in my room. A computer today can simulate an entire recording studio. The only draw back is that most computers do not have the hard drive space to save digital quality sound recordings. This is why CD quality music takes massive amounts of time to download off the Internet. Thus, smaller files were created like MP3s and Waves.
Most recording studios use hard disk recording machines.
These are like the hard drive of a computer but much larger and are used only for the purpose of recording music. Although recording studios use fancy powerful equipment to record your sounds. The editing program I used was called Sound Forge. This software program allows you to record music onto it and than edit it. With this program you can highlight sections and create effects like reverb, delay, increase or decrease volume, and cut out sections of silence or applause.