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Possibilities of Property Exchange

While Profiles set up an entire device, Property Exchange messages provide specific, detailed information sharing. These messages can discover, retrieve, and set many properties like preset names, individual parameter settings, and unique functionalities—basically, everything a MIDI 2.0 device needs to know about another MIDI 2.0 device. For example, your recording software could display everything you need to know about a synthesizer onscreen, effectively bringing hardware synths up to the same level of recallability as their software counterparts.

Building the Ultimate Oberheim: An interview with Marcus Ryle