The word byte is actually an abbreviation for the binary term, a storage unit able to hold one character. On today’s computers, a byte equals 8 bits. With one byte, decimal values between 0 and 255 (28-1) can be encoded. Large amounts of memory are described accordingly: gigabytes (abbreviated as GB) has 1,073,741,824 bytes; megabytes (abbreviated as MB) has 1,048,576 bytes; and kilobytes (abbreviated as KB) has 1,024 bytes.
Jupitermedia Corporation. Byte. [Online, May 21, 2002.] Jupitermedia Corporation Website. http://www.webopedia.com/TERM/b/byte.html.