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The fundamental unit of memory inside a computer is called a bit, which is a contraction of the words binary digit.
Thus, a bit is a binary digit; i.e., a 0 or 1.
Everything is stored on the computer in units of bits.
Because most data communications is serial in nature, most data communication and networking services indicate capacity in unit of bits per second; e.g., Ethernet operates at 10 million bits/sec (Mbps).
Some communication schemes, such as Fibre Channel, are parallel and describe capacity in terms of bytes/sec. but that is less common.
Memory combines individual bits into larger units.
Byte is equivalent to 8 bits, also called an octet.
Computer media, including memory and disk drives, generally report their size in terms of bytes, such as 256 MB of RAM or a 120 GB hard drive.
A byte, historically, is a computer architecture term that refers to a memory storage of a single character.
Binary means that each position counts for twice as much:
A nibble is half of a byte, or 4 bits: e.g. 1011
There are two nibbles per byte and a single nibble may be expressed as a single hex digit.
This term is merely a convenience; nibbles are not used to express memory capacity, size, or speed.
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An 8-bit byte can accommodate up to 28, or 256, characters.
ASCII is the American Standard Code for Information Interchange, an American National Standard computer character code. ASCII is an 8-bit code with 256 characters:
See also: http://ascii-table.com/ interactive ASCII decoder