What does the 'b' character do in front of a string literal?

Question

Apparently, the following is the valid syntax:

my_string = b\'The string\'

I would like to know:

1. What does this b

Answer 1

To quote the Python 2.x documentation:

A prefix of 'b' or 'B' is ignored in Python 2; it indicates that the literal should become a bytes literal in Python 3 (e.g. when code is automatically converted with 2to3). A 'u' or 'b' prefix may be followed by an 'r' prefix.

The Python 3 documentation states:

Bytes literals are always prefixed with 'b' or 'B'; they produce an instance of the bytes type instead of the str type. They may only contain ASCII characters; bytes with a numeric value of 128 or greater must be expressed with escapes.