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Symmetric Vs Asymmetric encryption in CyberSecurity?

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Purpose Symmetric Encryption Asymmetric Encryption
Encryption Uses a single key to encrypt and decrypt information. Uses a pair of public and private keys to encrypt and decrypt information.
Speed Symmetric encryption performs faster Asymmetric encryption performs slower compared to symmetric encryption.
Algorithms AES, RC4, DES, QUAD, 3DES, Blowfish etc. Diffie-Hellman and RSA
Purpose Preferred for transferring huge data Mostly used for exchanging secret keys safely.

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