Base 64 format is a binary-to-text encoding scheme that represents binary data in an ASCII string format. It consists of a character set of 64 characters, including A-Z, a-z, 0-9, +, /, and a padding character, =. The encoding process converts binary data into 6-bit chunks mapped to characters in the Base 64 alphabet, while the decoding process converts the encoded string back to the original binary data. This format is commonly used for ensuring safe data transport through text-only mediums and encoding data that may not be directly representable in text forms.