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Explain why public-key cryptography is used more than symmetric-key cryptography. Explain whether symmetric-key cryptography is still used in modern security applications (for example, for sending

Explain why public-key cryptography is used more than symmetric-key cryptography. Explain whether symmetric-key cryptography is still used in modern security applications (for example, for sending packets in a network). Additionally, cite three practical applications of public-key cryptography (for example, securing financial transaction) and explain why public-key cryptography is the best cryptographic technique in each case. Please provide references.

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