Definition

A virtual currency on Twitch that viewers can purchase with real money and spend on the platform, typically to send 'cheers' that appear as on-screen notifications during streams. Streamers receive a revenue share from bit purchases.

Example Usage

He cheered 100 bits to the streamer, which appeared as a message with animated graphics.

Origin

Introduced by Twitch in 2016 as a way to monetize viewing and create another revenue stream for content creators.

Fun Fact

Twitch keeps roughly 70% of bit revenue while streamers receive 30%, making it less lucrative than direct donations but easier for viewers.

Source: Definition backfill (hailey)

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