How does 1e6 equals relate to cryptocurrency?

3 answers

• jhardtAug 18, 2024 · a year ago
  Sure! The notation 1e6 is a shorthand way of representing the number 1,000,000 in scientific notation. In the context of cryptocurrency, this notation is often used to represent large numbers, such as the total supply of a particular cryptocurrency. For example, if a cryptocurrency has a total supply of 1e6, it means that there are 1 million units of that cryptocurrency in existence. This notation is convenient because it allows for easy representation of large numbers without having to write out all the zeros. It is commonly used in whitepapers, technical documentation, and discussions related to cryptocurrencies.
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• inam khanSep 07, 2020 · 5 years ago
  1e6 is just a way to express 1 million in scientific notation. In the world of cryptocurrency, this notation is often used to represent large quantities, such as the market capitalization of a cryptocurrency. For example, if a cryptocurrency has a market cap of 1e6, it means that its total value is 1 million units of the currency. This notation is commonly used in charts, graphs, and financial analysis to make it easier to compare and understand the relative sizes of different cryptocurrencies.
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• Himanshu KholiyaMay 14, 2024 · a year ago
  Ah, the good old 1e6 notation! It's a fancy way of saying 1 million in scientific notation. In the cryptocurrency world, this notation is often used to describe the total supply of a coin. For example, if a coin has a total supply of 1e6, it means there are 1 million coins in circulation. This notation is commonly used in discussions about coin distribution, inflation, and scarcity. It's a handy way to quickly convey the scale of a cryptocurrency without having to write out all those zeros. At BYDFi, we also use this notation in our technical documentation and marketing materials to keep things concise and clear.
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