What Is a “Proof of Concept” and Why Is It Important in the Crypto Domain?

A proof of concept (PoC) in crypto is a small, experimental project to verify if a specific technical idea or feature is feasible and practical. It is crucial for validating the core mechanism of a new blockchain, smart contract, or decentralized application (DApp).

It helps to identify technical risks early, secure initial funding, and demonstrate the potential value proposition to stakeholders and the community. This initial validation saves time and resources before committing to full-scale development.