The SSL Record Protocol is used for encapsulation of various higher level protocols. One such encapsulated protocol, the SSL Handshake Protocol, allows the server and client to authenticate each other and to negotiate an encryption algorithm and cryptographic keys before the application protocol transmits or receives its first byte of data. One advantage of SSL is that it is application protocol independent. A higher level protocol can layer on top of the SSL Protocol transparently. Encryption is used after an initial handshake to define a secret key.
Symmetric cryptography is used for data encryption.
The peer's identity can be authenticated using asymmetric, or public key, cryptography. The connection is reliable. The current SSL version is 3.0. SSL uses the RSA public key cryptography, which is widely used for authentication and encryption in the computer industry. The public key encryption is a technique that uses two asymmetric keys for encryption and decryption.