With the increasing pace in science and technology, network security has become a great concern. The security demand of today’s world requires better encryption and decryption techniques at the root level. The techniques should be simple as well as inexpensive both in terms of time and space. In this paper, we have proposed a simple symmetric key algorithm. This algorithm requires the knowledge of some basic conversions, bitwise shifting operations and the folding method. The best part of this algorithm lies in the sharing of ciphered keys. The composition of two methods makes the algorithm highly efficient and stronger against various attacks like Brute Force attack, etc.