NIST has opened a public competition to develop a new cryptographic hash algorithm, which converts a variable length message into a short “message digest” that can be used for digital signatures, message authentication and other applications. The competition is NIST’s response to recent advances in the cryptanalysis of hash functions. The new hash algorithm will be called “SHA-3” and will augment the hash algorithms currently specified in FIPS 180-2, Secure Hash Standard. Entries for the competition must be received by October 31, 2008.