Rapid Prototyping

Definition ∞ Rapid prototyping refers to the expedited creation of preliminary versions or models of a product, system, or concept. This approach prioritizes speed and iterative development to quickly test ideas, gather feedback, and identify potential issues early in the design cycle. It allows for quick adjustments and refinements based on real-world testing. The goal is to accelerate innovation and reduce development costs by validating designs before full-scale production.
Context ∞ In the blockchain and decentralized application development space, rapid prototyping is a common methodology for bringing new protocols and features to market quickly. News often covers projects that utilize this approach to demonstrate concepts and attract community input. The relevance to digital assets includes accelerating the introduction of new token standards, decentralized finance products, and infrastructure improvements. This method helps teams adapt swiftly to evolving market demands.