One-way hash function
<algorithm> (Or "message digest function") A
one-way function which takes a variable-length message and produces a fixed-length hash.
Given the hash it is computationally infeasible to find a message with that hash; in fact one can't determine any usable information about a message with that hash, not even a single bit.
For some one-way hash functions it's also computationally impossible to determine two messages which produce the same hash.
A one-way hash function can be private or public, just like an
encryption function.
MD5,
SHA and Snefru are examples of public one-way hash functions.
A public one-way hash function can be used to speed up a public-key
digital signature system.
Rather than sign a long message, which can take a long time, compute the one-way hash of the message, and sign the hash.
sci.crypt FAQ (ftp://src.doc.ic.ac.uk/usenet/usenet-by-group/sci.crypt/).