This refers to 10-bit color depth . Standard video (8-bit) can display roughly 16.7 million colors. 10-bit video can display over 1.07 billion colors . This massive increase eliminates "color banding" (distorted gradients in skies or shadows) and is required to properly display High Dynamic Range (HDR) content.
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: Check that your device display is set to its highest color accuracy profile to fully appreciate the expanded 10-bit palette. This refers to 10-bit color depth