A bit is the smallest unit of measurement. It can hold a 0 or 1, which would be two unique letters, numbers, or special characters (21).
Eight unique letters, numbers, or special characters can be produced in 3 bits (23).
Sixty-four unique letters, numbers, or special characters can be produced in 6 bits (26).
One hundred twenty-eight unique letters, numbers, or special characters can be produced in 7 bits (27).
Eight bits is equal to 1 byte. Two hundred fifty-six unique letters, numbers, or special characters can be produced by 1 byte (8 bits; 28).