Can two different strings generate the same MD5 hash code?

Question

For each of our binary assets we generate a MD5 hash. This is used to check whether a certain binary asset is already in our application. But is it possible that two differe

Answer 1

Yes, it is possible. It is called a Hash collision.

Having said that, algorithms such as MD5 are designed to minimize the probability of a collision.

The Wikipedia entry on MD5 explains some vulnerabilities in MD5, which you should be aware of.