The document discusses the history and status of the Web Cryptography API. It outlines the legacy approaches to cryptography in web browsers like crypto.signText and CAPICOM. It then summarizes the development of the Web Cryptography API, from early proposals in the HTML5 working group to the current W3C Web Cryptography working group developing the standard. The API aims to provide common cryptographic functions like encryption and signatures to web applications through a standardized JavaScript API.