What is 8-bit, 10-bit and 12-bit color or color depth in TVs ?

What is 8-bit, 10-bit and 12-bit color or color depth in TVs ?

This article discusses the color depth in TVs, including 8 bit, 10 bit and 12 bit colors, FRC (Frame Rate Control), RGBW, RGBY, color rendering coding, True Color, Deep Color, etc. The article also contains a video showing the differences between 8 bit and 10 bit color grading.