What hashing algorithm should I use for storing passwords?

Question

I\'m not really up to date with the most recent developments regarding hashing algorithms strengths; what is currently my best bet for storing passwords?

Also, how m

Answer 1

Check out this.

This question over at security.stackexchange is a good discussion of bcrypt vs. PBKDF2 - Do any security experts recommend bcrypt for password storage?

The key is that a hash function alone will not prevent a precomputation attack (e.g. rainbow table). And adding a salt won't protect you from a dictionary or a brute force attack. You are much better using bcrypt or PBKDF2 than building your own scheme with a hash algorithm.