Registry keys containregistry values, just like folders contain files.
Registry keys can also contain other registry keys, which are sometimes referred to as subkeys.
Registry keys work the same way in all versions of Windows.

These have special rules attached to them, but they’re registry keys in every other sense.
The first registry key,HKEY_LOCAL_MACHINE, is at the top of the path and is a registry hive.
Nested underHKEY_LOCAL_MACHINEis theSOFTWAREregistry key.

TheAdobekey is yet another registry key nested underSOFTWARE.
Registry keys can be nested quite deeply.