Understanding Color Processing: 8-bit, 10-bit, 32-bit, and more

From the Video Road blog:

"... Trying to understand video color precision is, well, a confusing task. There are so many different terms floated around - 8-bit and 10-bit color are used to describe cameras, while software talks about 8 bits per channel, 16 bits per channel, and 32-bits per channel "floating point" color. What does it all mean?? And, for the colorist, how does Premiere Pro handle color?? If these are burning questions in your mind, then read on."

Enjoy.