Hello, this is my first post. I am trying to understand Cardano’s monetary policy from here: https://cardanodocs.com/cardano/monetary-policy/
In my understanding this would mean that becuase of the way the Japanese understand and use money, Cardano’s circulating supply in practical terms is actually 2.5 million and not 25bn? Thanks
1 ADA = 1,000,000 Lovelaces
1 Lovelace = 1/1,000,000 Ada
Ada has six decimal places.
1.000000 = 1 ADA
0.000001 = 1 Lovelace
In terms of money units, there are two points of consideration. Firstly in Japan, yen amounts are much larger, where 10,000 yen is similar to a 100 dollar bill. Factoring this into unit calculations, the amount changes from 25 billion Ada to 250 million. Remember that a unit of Ada is equal to a million Lovelaces (the smallest unit), and after factoring in this adjustment, equates to a total of 2.5 million. Secondly, Ada has six digits from the decimal point, rather than eight digits for Bitcoin.