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In this video, the speaker discusses OpenPGP, which stands for Pretty Good Privacy. OpenPGP is an encryption program that provides privacy and authentication for data communication, used for signing, encrypting, and decrypting texts, emails, files, directories, and disk partitions. Developed in 1991 by Phil Zimmerman, PGP follows the OpenPGP standard (RFC 4880) for encrypting and decrypting data. It uses a combination of hashing, data compression, symmetric key cryptography, and public key cryptography. Each public key is bound to a username or email address, increasing email communication security.