The document discusses the SHA-3 algorithm, which uses the Keccak algorithm to hash inputs into fixed-length outputs. SHA-3 was developed through a public competition after vulnerabilities were found in earlier hash functions like SHA-1 and SHA-2. It uses a sponge construction and Keccak-f permutation to absorb data into a state and squeeze out the hashed output. SHA-3 supports four hash lengths and aims to provide security against cryptographic attacks.