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Because kilobits are ambiguous and misuse the prefix "kilo" as defined by the International System of Units, the International Electrotechnical Commission established Kibibits in 1998.
A kibibit is always equal to 2^10, or 1,024 bits.
Kibibytes are 1,024 bits and precede mebi, gibi, tebi, pebi, exbi, zebi and yobi in bit measurement.
Very similar to Kilobits, which use a less exact prefix established by the International System of Units (SI) but are used much more commonly.