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While a single bit, on its own, is able to represent only two values, a [[Bit string|string of bits]] may be used to represent larger values. For example, a string of three bits can represent up to eight distinct values as illustrated in Table 1.
As the number of bits composing a string increases, the number of possible ''0'' and ''1'' combinations increases [[Exponentiation|exponentially]]. A single bit allows only two value-combinations, two bits combined can make four separate values, three bits for eight, and so on, increasing with the formula 2^n. The amount of possible
Groupings with a specific number of bits are used to represent varying things and have specific names.
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