XOR, often written ⊕, is one of the basic operations on bits and bit-sequences. It is a building block of many cryptographic primitives (and some higher-level algorithms, like modes of operations).

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With sufficient randomness, is XOR an acceptable mechanism for encrypting?

I have heard criticism of various cryptosystems saying that "at their heart, they were just XOR." Is this just ignorance, or is there something inherently wrong with XOR based ciphers?