What Does Byte Mean?
A byte is a storage unit capable of representing a single character, such as a letter, number or symbol. Technically speaking, a byte is a sequence of binary bits in a serialized data stream in data transmission systems. In most computers, one byte is equated to eight smaller units called bits, although the size of a byte has always been dependent on hardware.
Techopedia Explains Byte
A byte is capable of holding a string that is needed in larger application processing. For large amounts of memory, prefixes are added to bytes. For example: