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HTTPS is HTTP with encryption. The only difference between the two protocols is that HTTPS uses TLS (SSL) to encrypt normal HTTP requests and responses. As a result, HTTPS is far more secure than HTTP
HTTP by default operates on port 80 whereas HTTPS by default operates on port 443. HTTP transfers data in plain text while HTTPS transfers data in cipher text (encrypt text). HTTP is fast as compared to HTTPS because HTTPS consumes computation power to encrypt the communication channel.