Symmetric-key Cryptography:
Symmetric-key cryptography refers to encryption methods in which both the sender and receiver share the same key (or, less commonly, in which their keys are different, but related in an easily computable way). Symmetric key ciphers are implemented as either block ciphers or stream ciphers. A block cipher enciphers input in blocks of plaintext as opposed to individual characters, the input form used by a stream cipher.
The Data Encryption Standard (DES) and the Advanced Encryption Standard (AES) are block cipher designs which have been designated cryptography standards by the US government. Despite its deprecation as an official standard, DES (especially its more secure triple-DES variant) remains quite popular; it is used across a wide range of applications, from ATM encryption to e-mail privacy and secure remote access. Many other block ciphers have been designed and released, with considerable variation in quality. Many have been thoroughly broken, such as FEAL.
Stream ciphers, in contrast to the 'block' type, create an arbitrarily long stream of key material, which is combined with the plaintext bit-by-bit or character-by-character, somewhat like the one-time pad. In a stream cipher, the output stream is created based on a hidden internal state which changes as the cipher operates. That internal state is initially set up using the secret key material. RC4 is a widely used stream cipher.
Cryptographic hash functions are a third type of cryptographic algorithm. They take a message of any length as input, and output a short, fixed length hash which can be used in a digital signature. For good hash functions, an attacker cannot find two messages that produce the same hash. MD4 is a long-used hash function which is now broken; MD5, a strengthened variant of MD4, is also widely used but broken in practice. The U.S. National Security Agency developed the Secure Hash Algorithm series of MD5-like hash functions: SHA-0 was a flawed algorithm that the agency withdrew; SHA-1 is widely deployed and more secure than MD5, but cryptanalysts have identified attacks against it; the SHA-2 family improves on SHA-1, but it isn't yet widely deployed, and the U.S. standards authority thought it "prudent" from a security perspective to develop a new standard to "significantly improve the robustness of NIST's overall hash algorithm toolkit." Thus, a hash function design competition is underway and meant to select a new U.S. national standard, to be called SHA-3, by 2012.