In the rapidly evolving landscape of wireless communication, securing transmitted information remains a critical challenge. This study provides a comprehensive review of secret key generation (SKG) techniques designed to secure physical layer wireless communication channels. We focus on key generation methods that exploit physical layer characteristics such as channel state information, received signal strength, and bit error rate. The computational complexity of these techniques is also examined, emphasizing the trade-offs between security and efficiency for real-world implementations. The review identifies open challenges such as developing low-cost, resource-efficient systems, managing artificial noise, and addressing the impact of mobility and multiuser massive MIMO systems on SKG rates. Our findings aim to guide the development of more efficient, scalable SKG methods for next-generation wireless networks. Additionally, we propose a method for securely generating identical secret keys between nodes using Cuckoo filters and a Map-Reduce model for frame hashing, ensuring long-term security in IoT environments.