I'll leave it at this for now as thats all that is relevant to my question. This way only someone with your password can decrypt your symmetrical key and then decrypt your files. Once the client has both these, the symmetric key is encrypted with your password and uploaded to the server. It also generates a symmetric key which is used to encrypt your files and a RSA key pair to share secrets securely when files are sent to other peoples "inboxes". Upon first signing up for an account you make a username and password.
For a quick summary of all those in the future looking for an answer on this. I understand how Mega's encryption works.
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