. Which of the following statements is true? Symmetric encryption is faster than asymmetric encryption, and it can be used to provide nonrepudiation of contracts. Symmetric encryption is faster than asymmetric encryption, but it cannot be used to provide nonrepudiation of contracts. Asymmetric encryption is faster than symmetric encryption, and it can be used to provide nonrepudiation of contracts. Asymmetric encryption is faster than symmetric encryption, but it cannot be used to provide nonrepudiation of contracts.

Symmetric encryption is faster than asymmetric encryption, but it cannot be used to provide non-repudiation of contracts.

Explanation:

Symmetric encryption is a type of encryption where only one key (a secret key) is used to both encrypt and decrypt electronic information. Symmetric encryption uses a single key that needs to be shared among the people who need to receive the message while asymmetrical encryption uses a pair of public key and a private key to encrypt and decrypt messages when communicating. Symmetric encryption cannot be used for non-repudiation because the key is shared by both parties, making it difficult to prove who created and encrypted the document.

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