So a $2 \times 2 \times 2$ cube has $8$ distinct pieces. With each of them having 3 colours(one on each of their exposed edges). Thus, the as echo piece has $3$ different orientations and there are $8$ pieces, won’t there be a total of $3^8=6561$ combinations?
I looked it up and found out there were around $3,674,160$ combinations. Where am I wrong ?
The pieces also move relative to one another - they don't just rotate in their places.
Then (as for the $3\times 3\times 3$ cube) there are constraints in the permutations and rotations - not all are achievable.
Also note that (because there are no central squares fixed in place to govern the colours of the sides), whatever state the cube is in, I can, for example, choose to put the same corner cube at top-front-left and then rotate the whole large cube to put that corner cube in a standard orientation.