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Block Floating Point

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I was wondering if anyone has implemented 'Block Floating Point' arithmetic in their FPGA designs? I understand the the Altera FFT Core uses it, but there is no supporting documentation that I have found that speak to exactly how BFP works in general. I have found plenty of papers that talk about how great it is and they've implemented it, but I need something that provides a more basic explanation of how it operates.

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