MVP stands for Minimum Viable Product. It refers to the most basic version of a product that can still fulfill its primary purpose. In the early stages of a project, especially in industries like cryptocurrency, developing an MVP allows teams to launch quickly.By focusing on essential features, developers can gather feedback from real users. This feedback is invaluable for understanding what works and what needs improvement. It helps in refining the product before investing time and resources into more complex features.In the context of projects that involve blockchain technology, an MVP often includes core functions such as wallet capabilities or basic transaction features. This approach minimizes risks and enables teams to validate their ideas without committing to a fully developed product.Overall, starting with an MVP helps in maximizing learning while minimizing initial investment, setting the stage for future growth and expansion based on user needs.