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Definitions of encryption key:

A sequence of characters used by an encryption algorithm to encrypt plain text into ciphertext. Top
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A group of characters which is used to initiate the encryption process. Each partner of a trading partner pair must have possession of the same key.
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In cryptography, encryption is the process of obscuring information to make it unreadable without special knowledge. While encryption has been used to protect communications for centuries, only organisations and individuals with an extraordinary need for secrecy have made use of it. ...
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