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What is the difference between key storage and key escrow?

Key storage is key issuer retains a copy of public/private key pair, key escrow is when a third party retains a copy of public/private key pair.

Key storage is for key pairs that are currently in use, key escrow is for retired keys that may still be needed for decrypting previously encrypted data.

Key storage is where public keys are stored, key escrow is for private keys.

They are two terms describing the same concept

Explanation

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