Glossary

The words of Crypto by the Bitsapiens team.

First-mover Advantage

First-mover advantage is the competitive advantage gained by a first entrant in a market or segment. First-mover advantage is often achieved through advanced technology or the control of scarce resources and applies only to disruptive innovations, that refers to a new technology that completely changes the way the industry or market functions, creating a new value proposition in an uncontested market space.