Invisible Pink Unicorn writes "The National Institute of Standards and Technology has opened a public competition for the development of a new cryptographic hash algorithm, which will be called Secure Hash Algorithm-3 (SHA-3), and will augment the current algorithms specified in the Federal Information Processing Standard (FIPS) 180-2. This is in response to serious attacks reported in recent years against cryptographic hash algorithms, including SHA-1, and because SHA-1 and the SHA-2 family share a similar design. Submissions are being accepted through October 2008, and the competition timeline indicates that a winner will be announced in 2012."
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