  This work shows how two parties A and B can securely share sequences of
random bits at optical speeds. A and B possess true-random physical sources and
exchange random bits by using a random sequence received to cipher the
following one to be sent. A starting shared secret key is used and the method
can be described as an unlimited one-time-pad extender. It is demonstrated that
the minimum probability of error in signal determination by the eavesdropper
can be set arbitrarily close to the pure guessing level. Being based on the
$M$-ry encryption protocol this method also allows for optical amplification
without security degradation, offering practical advantages over the BB84
protocol for key distribution.
