SHA3 algorithm coins
In 2012 NIST decided to conduct a competition of hash functions aimed at defining the most prospective candidates to become the basis of the Secure Hash Algorithms 3rd generation. A function called Keccak has won the competition. As a result, SHA-3 is based on the principle of cryptographic sponge implemented by Keccak. SHA-3 is faster and more secure than SHA-1 and SHA-2.
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