http://h-online.com/-1498071

With a successor to Secure Hash Algorithm 2 (SHA-2) due to be crowned
in the summer, questions are being asked as to whether a new
cryptographic standard is really necessary. Hash functions, used to
calculate short numbers from large data sets to allow the authenticity
of the large data set to be verified, form the basis of many security
mechanisms. The National Institute of Standards and Technology (NIST),
which is responsible for the process, has moved from talking of a
successor to talking of 'augmentation'.

The search for SHA-3 was initiated because successful attacks on SHA-1
and MD5 were, in principle, also applicable to SHA-2, denting
confidence in the security of the successor to the former algorithms.
NIST computer scientist Tim Polk has told the 83rd meeting of the
Internet Engineering Task Force (IETF) that none of the five finalists
are affected by known attacks on MD5, SHA-1 and SHA-2 and the
Merkle-Damgård construction on which all three are based. But the
competition and the over 400 scientific papers and tests which have
been submitted over the course of the competition have shown that
SHA-2 is faster than the five finalists – Blake, Grøstl, JH, Keccak
and Skein – for many tasks. SHA-3 comes out on top only for short
hash-based Message Authentication Codes (MACs).
...
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