Security
Pre-shared key mode (PSK, also known as Personal mode) is designed for home and small office networks that don't require the complexity of an 802.1X authentication server. Each wireless network device encrypts the network traffic using a 256 bit key. This key may be entered either as a string of 64 hexadecimal digits, or as a passphrase of 8 to 63 printable ASCII characters. If ASCII characters are used, the 256 bit key is calculated by applying the PBKDF2 key derivation function to the passphrase, using the SSID as the salt and 4096 iterations of HMAC-SHA1.
Read more about this topic: Wi-Fi Protected Access
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—Samuel Taylor Coleridge (1772–1834)