I see the words "trytes" and "trits" used a lot when discussing IOTA, however neither my browser's autocorrect nor the Oxford English Dictionary know what these words mean.
What are trytes and trits, and what is their purpose in relation to IOTA?
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You are probably familiar with Bytes and Bits. (If not: Wikipedia knows)
Since IOTA is not based on binary but trinary/ternary computing, we need different names.
A bit is a digit in a base 2 number system: either
A byte consists of 8 bits
A trit is a digit in a base 3 number system: either
IOTA does not use normal ternary but balanced ternary computing. It has some special properties and uses
+ as digits
A tryte consists of 3 trits. It can be in one of 27 states. In IOTA these states are often named with the (26) uppercase letters
ABCDEFGHIJKLMNOPQRSTUVWXYZ and the (+1) number