Encryption algorithm with 'sponge construction' picked to succeed SHA-2

Bringing to a close a five-year selection process, the U.S. National Institute of Standards and Technology (NIST) has selected the successor to the encryption algorithm that is used today to secure much of the information on the Internet. For SHA-3 (Secure Hash Algorithm), NIST has selected Keccak (pronounced "catch-ack"), an algorithm authored by Guido Bertoni, Joan Daemen, and Gilles Van Assche of STMicroelectronics, as well as Micha�l Peeters of NXP Semiconductors.

Source: http://www.infoworld.com/d/security/encryption-algorithm-sponge-construction-picked-succeed-sha-2-203988

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