NIST Opens Competition for a New Hash Algorithm
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."
The NSA has an actual track record here, and their motives have proven good so far. However, they claim that (due to lack of funding and too much competition from financial firms for math PhDs) they aren't so far ahead any more.
Socialism: a lie told by totalitarians and believed by fools.