USB flash drives, also known as pen drives, are portable storage devices that can plug into a computer's USB port. They were first released in the late 1990s and early 2000s and have largely replaced floppy disks. USB flash drives use NAND flash memory and a small controller board, and have storage capacities up to 256GB. They offer advantages over older storage methods like faster transfer speeds, larger storage capacities, and greater durability without moving parts.