The document summarizes the SHA3 hash algorithm competition hosted by NIST. It provides details on the winning algorithm called Keccak, including its sponge construction, Keccak-f permutation, and the algorithms used in each round. Performance experiments show SHA3-512 is slower than SHA256 but provides stronger security guarantees. In conclusion, SHA3 will be the next hash standard and Keccak offers a secure design suited for hardware implementations.