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! Collision will be a possibility (although, the risk is very small). If not, you would have a pretty effective compression method!

EDIT: As Konrad Rudolph says: A potentially unlimited set of input converted to a finite set of output (32 hex chars) will results in an endless number of collisions.