The Oakley protocol is a key exchange protocol used to establish a shared secret between two parties over an insecure communication channel. Developed by William Oakley in the mid-1990s, it is designed to provide a secure way to negotiate cryptographic keys for use in secure communications. The Oakley protocol is a variation of the Diffie-Hellman key exchange, allowing two parties to generate a shared key without directly transmitting that key over the network.

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