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Could you explain what the below text means? What does $\{0,1\}^n$ mean?

the keys are chosen uniformly from the set of words of length of the alphabet $\{0,1\}$ denoted by $\{0,1\}^n$.

2 Answers2

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Set of words consisting of $0$ and $1$ of length $n$, e. g. $\{0,1\}^3=\{000,001,010,011,100,101,110,111\}$.

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This is the set of ordered tuples $(x_1, x_2, \ldots, x_n)$ where each $x_i$ is $0$ or $1.$ This is an example of Cartesian product.