A bit i thought was the smallest ammount of binary data.
* 1 byte = 8 bits
* 1 kilobyte (K / Kb) = 2^10 bytes = 1,024 bytes
* 1 megabyte (M / MB) = 2^20 bytes = 1,048,576 bytes
* 1 gigabyte (G / GB) = 2^30 bytes = 1,073,741,824 bytes
* 1 terabyte (T / TB) = 2^40 bytes = 1,099,511,627,776 bytes
* 1 petabyte (P / PB) = 2^50 bytes = 1,125,899,906,842,624 bytes
* 1 exabyte (E / EB) = 2^60 bytes = 1,152,921,504,606,846,976 bytes
The compression used in lossless encoding also means it retains every information bit of the original wav in a packed file.
Lossless files are encoded with a developed encoder algorithm, the loseless wave file is the same original wav file packed or unpacked. Unpack a lossless audio file it will uncompress back to the exact same wav file as was used before compressing it, bit for bit identical. Even testing it with any spectral or other file analizer shows it is identical. Lossless audio is accepted as the best (for now, future unknown) compression for lossless audio, for everyone including the music industry.
Or a search engine to find other places of information on lossless audio.