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What Public Key encrypts can only be decrypted by Private Key (used in Symmetric Key Exchange)
What Private Key encrypts can only be decrypted by Public Key (used in Digital Signature)
Convenient
Eliminate the need to exchange keys physically
Computationally Heavy
Compared to Symmetric Cryptography, so we usually use asymmetric cryptography to exchange the symmetric key and use symmetric cryptography for the rest of the secure communication