When it comes to symmetric encryption, the most common standards are Data Encryption Standards (DES) and Advanced Encryption Standards (AES).
When it comes to asymmetric encryption (public key cryptography), the dominant standard is RSA (Rivest-Shamir-Adleman). Almost all the digital certificates (HTTPS/SSL) issued used RSA as the encryption standard and SHA256 as the hashing algorithm.
Given below is a screenshot of a digital certificate of a random HTTPs site. You can see the encryption algorithm and Hash function mentioned in the certificate.
There is another asymmetric encryption standard called as ECC (Elliptic Curve Cryptography) that is very popular in the crypto world.
ECC has the following advantages when compared to RSA:
- It can run on low end devices (low CPU and memory).
- It is faster - for both encryption/decryption.
- Smaller key size - 256-bit elliptic curve private key is just as secure as a 3072-bit RSA private key. Smaller keys are easier to manage and work with.
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