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Concerning "bits of precision"

I am a newcomer to Sage. I learn Sage to compute Gröbner bases.

Concerning polynomial ring, if I type:

R = PolynomialRing(QQ, 't')
R

I get:

Univariate Polynomial Ring in t over Rational Field

But if I type:

R = PolynomialRing(RR, 't')
R

I get:

Univariate Polynomial Ring in t over Real Field with 53 bits of precision

What does "with 53 bits of precision" mean? If I don't know its meaning, will it matter when I compute Gröbner bases? I would appreciate any help with this situation.