Bit

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A little quantity of memory and quick for binary number and it is just one product of data that may possess a price of both OFF or ON. Eight bits constitute a byte.
 

These values are most commonly represented as 0and1. The term bit is a portmanteau of binary digit. It also used to interpret the logical values.
 

In information theory, one bit is typically defined as the uncertainty of a binary random variable that is 0 or 1 with equal probability, or the information that is gained when the value of such a variable becomes known.

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This character name is alluding to Philo Farnsworth and Vladimir K. Zworykin, who invented the iconoscope. He was inducted into the Television Academy Hall of Fame in 2013