ASCII
The committee considered an eight-bit code, since eight bits (octets) would allow two four-bit patterns to efficiently encode two digits with binary-coded decimal. However, it would require all data transmission to send eight bits when seven could suffice. The committee voted to use a seven-bit code to minimize costs associated with data transmission. Since perforated tape at the time could record eight bits in one position, it also allowed for a parity bit for error checking if desired.:217, 236 § 5 Eight-bit machines (with octets as the native data type) that did not use parity checking typically set the eighth bit to 0.

Q: Why did the committee consider a 8 bit code?
eight bits (octets) would allow two four-bit patterns to efficiently encode two digits with binary-coded decimal