As many of you likely know, I have a "thing" for password storage. I don't know what it is about it, but it fascinates me. So I try to keep up as best as I can on the latest trends. In the past few years, we've seen the rise of a new algorithm called scrypt (it's 5 years old actually). It's gaining more and more adoption. But I don't recommend its use in production systems for password storage. Let me explain why:
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