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gigabit
Last modified: Friday, January 24, 2003 

(1) When used to describe data storage, 1,024 megabits.

(2) When used to describe data transfer rates, it refers to 10 to the 9th power (1,000,000,000) bits.

Gigabit is abbreviated Gb, as opposed to gigabyte, which is abbreviated GB.
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Gbps

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