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Yes, that’s exactly the problem - there’s nothing wrong with the encryption used, but it’s IMHO incorrect to call it time-based when it’s “work-based” and it just so happens that the specific computer doing the encryption works at a given speed.
I don’t call my laptop’s FDE time-based encryption just because I picked an encryption that takes it 10 seconds to decrypt the key.
Maybe Redis/Redict? The development on that seems pretty dead.