Comparing Binary, Gray, and One-Hot Encoding

This article shows a comparison of the implementations that result from using binary, Gray, and one-hot encodings to implement state machines in an FPGA. These encodings are often evaluated and applied by the synthesis and implementation tools, so it’s important to know why the software makes these decisions.

source https://www.allaboutcircuits.com/technical-articles/comparing-binary-gray-one-hot-encoding/