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It replaced both IEEE 754-1985 (binary floating-point arithmetic) and IEEE 854-1987 Standard for Radix-Independent Floating-Point Arithmetic. The binary formats in the original standard are included in this new standard along with three new basic formats, one binary and two decimal.
The IEEE 754-2008 standard includes decimal floating-point number formats in which the significand and the exponent (and the payloads of NaNs) can be encoded in two ways, referred to as binary encoding and decimal encoding.
The "decimal" data type of the C# and Python programming languages, and the decimal formats of the IEEE 754-2008 standard, are designed to avoid the problems of binary floating-point representations when applied to human-entered exact decimal values, and make the arithmetic always behave as expected when numbers are printed in decimal.
The number 0.15625 represented as a single-precision IEEE 754-1985 floating-point number. See text for explanation. The three fields in a 64bit IEEE 754 float. Floating-point numbers in IEEE 754 format consist of three fields: a sign bit, a biased exponent, and a fraction. The following example illustrates the meaning of each.
A floating-point variable can represent a wider range of numbers than a fixed-point variable of the same bit width at the cost of precision. A signed 32-bit integer variable has a maximum value of 2 31 − 1 = 2,147,483,647, whereas an IEEE 754 32-bit base-2 floating-point variable has a maximum value of (2 − 2 −23) × 2 127 ≈ 3.4028235 ...
The otherwise binary Wang VS machine supported a 64-bit decimal floating-point format in 1977. [2] The Motorola 68881 supported a format with 17 digits of mantissa and 3 of exponent in 1984, with the floating-point support library for the Motorola 68040 processor providing a compatible 96-bit decimal floating-point storage format in 1990. [2]
The 2008 revision extended the previous standard where it was necessary, added decimal arithmetic and formats, tightened up certain areas of the original standard which were left undefined, and merged in IEEE 854 (the radix-independent floating-point standard). In a few cases, where stricter definitions of binary floating-point arithmetic might ...
However, decimal fixed-point and decimal floating-point formats are still important and continue to be used in financial, commercial, and industrial computing, where the subtle conversion and fractional rounding errors that are inherent in binary floating point formats cannot be tolerated. [11]