Preview of New Block Cipher
flaws writes "Secure Science Corp. is offering a preview of one of the 3 ciphers they will be publishing througout the year. The CS2-128 cipher is a 128-bit block cipher with a 128 bit key. This cipher is proposed as a hardware alternative to AES, being that it is more efficient in hardware, simpler to implement, and comparably secure to AES-128.
The preview of the CS2-128 cipher proposed is in html form and will be available in a published format at the end of April. At this time, requests are made for casual peer review and implementation. Secure Science will be offering a challenge at the end of April, introducing the cipher to the public. This ciphers implementation and usage will be offered in multiple hardware devices, such as wireless routers, cell-phones, and storage management hardware."
Whenever a 40 bit cipher turns up the most likely reason is the export restrictions. When TI was doing its work they could not stick to the standard.
Plus 3DES is not exactly a great cipher, the small block size means that certain attacks become possible after 2^32 blocks of ciphertext, that is only 32 Gb of data which is not a lot of data.
The TI problem was due to using the same cipher for 15 years without periodic security reviews.
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