Hash a text string using MD5, SHA1, SHA256, SHA224, SHA512, SHA384, SHA3, or RIPEMD160
Digest encoding: Hexadecimal (base 16)
MD5: 128-bit hash function, commonly used but considered cryptographically broken
SHA-1: 160-bit hash function, deprecated for most cryptographic uses
SHA-2 family (SHA-224, SHA-256, SHA-384, SHA-512): Secure hash algorithms widely used in security applications
SHA-3: Latest member of the Secure Hash Algorithm family, alternative to SHA-2
RIPEMD-160: 160-bit hash function, commonly used in Bitcoin addresses