Password Hashing Competition aims to improve online password protection by holding an international competition to develop a new password hash algorithm that is more difficult for hackers to break. Contest organizers want a standard that generates hashed passwords much slower, but not enough to keep site visitors waiting too long when they log in. The faster the technology hashes data, the faster hackers using brute-force techniques can recover the passwords. The longer the decryption process takes, the less practical it becomes for hackers, organizers say.”]
Source: https://www.csoonline.com/article/2133025/contest-aims-to-boost-state-of-password-encryption.html