Limiting is a bit misunderstood by most. By definition, it limits the peak output by compressing the media as much as is needed to control the dynamics to not go beyond the threshold.
A compressor works similarly except that the threshold is the level at which the compressor engages. It is a ratio-based system, so a 1:1 ratio means that for every db over the threshold, the compressor will reduce the level by 1db. A 4:1 ratio means that for every db over the threshold the signal goes, it will reduce output by 4db. The input and the output are not linked, so you can in theory compress more level down than what goes into the compressor.
Both are anti dynamics tools. In short, they both reduce the dynamic range of the media. This can have a downside. They only control the peak or RMS level of the media, so as you raise the level of the media, the noise floor comes up with it, while it reduces the peak level of that media. What you ultimately hear is a signal that sits in a particular volume range and the noise floor sets with it. I.E. quiet becomes louder and louder is just not much louder than the quiet.
When you hear a distorted guitar, it is very compressed; quite literally. Since distortion is the chopping off of the top of the guitar's signal, it is pretty much a limited signal. So to say a distorted guitar has dynamics is very much an oxymoronic statement. What you actually notice is that the range between fully broken up and slightly dirty is wide, but the level that you hear is fairly neutral or even. Not dynamic in actuality, but the distortion you hear goes through a state of compression and then into limiting.
Using a compressor before the amp can do all kinds of fun things. Depending on how it's set up you can get snappy sounds, to muted sustaining sounds. As an effect, it is very useful and can more or less be used as a boost, all the way to making your notes bloom.
A compressor works similarly except that the threshold is the level at which the compressor engages. It is a ratio-based system, so a 1:1 ratio means that for every db over the threshold, the compressor will reduce the level by 1db. A 4:1 ratio means that for every db over the threshold the signal goes, it will reduce output by 4db. The input and the output are not linked, so you can in theory compress more level down than what goes into the compressor.
Both are anti dynamics tools. In short, they both reduce the dynamic range of the media. This can have a downside. They only control the peak or RMS level of the media, so as you raise the level of the media, the noise floor comes up with it, while it reduces the peak level of that media. What you ultimately hear is a signal that sits in a particular volume range and the noise floor sets with it. I.E. quiet becomes louder and louder is just not much louder than the quiet.
When you hear a distorted guitar, it is very compressed; quite literally. Since distortion is the chopping off of the top of the guitar's signal, it is pretty much a limited signal. So to say a distorted guitar has dynamics is very much an oxymoronic statement. What you actually notice is that the range between fully broken up and slightly dirty is wide, but the level that you hear is fairly neutral or even. Not dynamic in actuality, but the distortion you hear goes through a state of compression and then into limiting.
Using a compressor before the amp can do all kinds of fun things. Depending on how it's set up you can get snappy sounds, to muted sustaining sounds. As an effect, it is very useful and can more or less be used as a boost, all the way to making your notes bloom.