Posted on 05-sep-2018
The name itself is quite self-explanatory: a Minimum Viable Product is the most basic version of your product that can actually function for its purpose. When talking about a mobile app, it would be its first version, including only the most basic and essential features and scrapping any extra ones that would be left for future updates.
This might sound very similar to a beta version, but it is actually not. An MVP is a ready-to-use product with significant user value.