Twitter recently announced the changeover in their blog. What is Oauth? Twitter explains: "In order for Twitter applications to access your account, developers have been able to choose one of two authentication methods: Basic Authentication or OAuth. Both require your permission, but there is an important difference. With Basic Auth, you provide your username and password for the app to access Twitter, and the application has to store and send this information over the Internet each time you use the app. With OAuth, this isn't the case. Instead, you approve an application to access Twitter, and the application doesn't store your password."
In a nutshell, it's a more secure method and should help to stem account hacks. Your username and password will now reside on Twitter only, and you will have to provide your Twitter client with authorisation to access your Twitter account.
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