What Are BitCoins? BitCoins are a type of digital currency that exist solely in the digital world. They are decentralized, meaning that they are not controlled by a central authority like a bank or government. Instead, they are created, managed and validated by a network of computers using advanced cryptographic techniques. History of BitCoins BitCoins were first introduced in early 2009 by an unknown individual or group using the pseudonym Satoshi Nakamoto. The true identity of the creator(s) remains a mystery to this day. However, the first publicly available version of the BitCoin software was released in 2009 and the first BitCoins were mined in January 2009. The early days of BitCoin were met with skepticism and confusion. Many people…