PGP (Pretty Good Privacy) is an encryption software that provides authentication and encryption of emails and files. It uses both symmetric and asymmetric encryption. For encryption, it generates a random symmetric key to encrypt the message, then encrypts the symmetric key with the recipient's public key. This combines the speed of symmetric encryption with the key distribution of asymmetric encryption. PGP includes algorithms like RSA, DSS, and IDEA and allows users to have multiple public/private key pairs stored on their personal "key rings" for authentication and encryption with other PGP users.