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I am trying to use the encrypted ethereum private key created by myetherwallet within my application. Everytime I need to send money, I will input my password so that my application can decrypt it and send money when required. But I need to know how can I decrypt it using the key(password) I used to create the account.

I am trying to see if anyone know what encryption (encryption method) does myetherwallet is using?

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MyEtherWallet, like most ethereum wallets, follows the Secret Storage Definition. The result is a JSON file which contains the encrypted key, and the parameter definitions used in its encryption.

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