I don't have the unit, but google translating it I think it has something to do with the gate,
or display of the gate, and it might do something with the decimal points that are used to display the gate
Translate says: (my comments in blue )
ON: right numbers menu, bits last blanking (decimal point blanking? blinking? gate display? )
OFF: normal view
purpose: (1) the last blanking bit beat ( blinking gate display in the last decimal point ? )
figures to enhance the visual effect
(2) When the gate 1S megabit and gigabit screen when 0.1s
( when 1S gate, the display is MHz, when 0.1s gate, the display is GHz )
They wrote blanking but perhaps they mean blinking.