@fabio168
I know this is a bit late, but I ran across your post while searching for information about Apple passcodes, keychains, touch id, and full-disk encryption. Your question may stem from iCloud security and privacy overview.
In that document it states: [iCloud Keychain] Uses 256-bit ASE encryption to store and transmit passwords and credit card information. Also uses elliptic curve asymmetric cryptography and key wrapping.
So it sounds like 256-bit AES encryption is used when storing and transmitting passwords and credit card information.
From reading iOS Security 9.0 or later [PDF], Elliptic curve cryptography (ECC) is used when providing a Keychain recovery mechanism by uploading a user’s keychain to Apple wrapped with the user’s iCloud Security Code and the device’s hardware public key.
If you're looking for more information about ECC, this should give you a good start: A (relatively easy to understand) primer on elliptic curve cryptography.
OS