Shared Key (or Symmetric Key) Cryptography is a type of encryption where both the sender and receiver use the same key to lock and unlock the message.In Shared Key Cryptography, no one else can decrypt the message without the designated receiver's private key.Public Key Cryptography is about 1,000 times slower than Shared Key Cryptography, but it is often combined with it in real-world systems.SSL/TLS (used in HTTPS) is an example of a system that combines both asymmetric and symmetric encryption to ensure secure communication.