Much like a keyring in real life allows you to keep certain sets of keys together, a keyring in Passwords and Keys allows you to keep passwords and keys in separate groups.
When you open Passwords and Keys for the first time, you will see keys and password grouped together. In the Login keyring, you may find stored passwords for GNOME applications such as Web, Accounts etc. The Login keyring is the default keyring in Passwords and keys.
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