bcrypt is a key derivation function for passwords designed by Niels Provos and David Mazières, based on the Blowfish cipher, and presented at USENIX in 1999. Besides incorporating a salt to protect against rainbow table attacks, bcrypt is an adaptive function: over time, the iteration count can be increased to make it slower, so it remains resist...
Found on http://en.wikipedia.org/wiki/Bcrypt
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