Definition of Release:
In Agile a release is the final delivery of a software or other product after several iterations or sprints. A release can be either the initial build of a product or the addition of one or more features to an existing product. Releasing something valuable (MVP) starts with the first iteration of an agile project.
Benefits of Releases:
- Provide a valuable goal.
- Satisfy the customers and stakeholders.
- Can be altered/extended/improved later on.