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60% of MD5 password hashes are crackable in under an hour
(www.theregister.com)
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I still used MD5 hashing in the apps I work on.
Just not for passwords.
If you need hashing for non-security applications, that's fine, but I'd still suggest SHA-1 or -25 or even just CRC instead, as that's something modern (as in less than 15 years old) CPUs can usually do directly in Hardware.