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Letsencrypt SSL certificate for EasyWP

As i have been using paid SSL certificates from namecheap for a long time, a friend of mine told me Letsencrypt issues you a free SSL certificate. A question raised in my mind that do certificates i pay for use better cryptography than free certificates?. After searching online i got to know “no! you can pay a certificate authority extra for an EV (“extended validation”) certificate, but that won’t give you better cryptography.