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A bit can be stored by a digital device or other physical system that exists in either of two possible distinct states. These may be the two stable states of a flip-flop, two positions of an electrical switch, two distinct voltage or current levels allowed by a circuit, two distinct levels of light intensity, two directions of magnetization or polarization, the orientation of reversible double stranded DNA, etc.
Bits can be implemented in several forms. In most modern computing devices, a bit is usually represented by an electrical voltage or current pulse, or by the electrical state of a flip-flop circuit.