Transport Layer Security (TLS) is a standard security protocol that ensures secure connections on the Internet. It is based on the earlier SSL protocol with minor differences in record format version numbers, use of HMAC for message authentication codes, and additional alert codes. The goals of TLS are to establish a secure connection through cryptographic security, allow for interoperability between independent implementations, and provide an extensible framework to incorporate new encryption methods. TLS uses the record layer to encapsulate and process messages through steps like fragmentation, encryption, integrity checks. It generates cryptographic secrets through pseudorandom functions and data expansion functions.