There has been an immense rise in interest in the use of bitcoins and other forms of virtual currencies over the past few years. Many people have heard about the potentials of such a revolutionary new form of payment, but many are still unfamiliar with how it works, why they should use it or how to get started. A basic understanding of the ins and outs of how this type of money works will help people better understand the benefits of trading in it, and eventually get more involved in the process themselves. The basics of how it works include the transfer of money from one virtual computer to another…