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Applications of one-way hashes
Integrity checks
 
- No matter how much data you run through md5 you get a hash of the same size.
 
- Despite recent changes in understanding, It is infeasible for an attacker to modify a file and leave it with the same MD5 checksum.
 
- Using SHA1 or SHA256 instead of md5 is still probably a good idea.
 
Password storage
 
- Password files with clear text password in them are a very attractive target.