Yeah, I simplified it a little. Though I must say I'm surprised pretty much every library I looked at uses the natural logarithm specifically, and not log2, which would seemingly be easier to compute with floats. Does anyone here know why, by any chance?
You can change base with a single multiplication by special constants if you accept 1ULP error, so working in one or the other doesn't really gain you much. But exp/logs are often implemented as a combination of a table lookup and polys, so you can just bake it into the constants even more easily.
Not sure why they wouldn't use log2 internally, but the mathematical reason is that e^x is the function whose derivative is itself, so it and the natural logarithm are fundamental to lots of other theories/operations like Euler's formula.