In regards to saving a salted hash version of the user's password, I save in the DB the hashed salted password and the salt used before hashing it.
Should I also save in the DB the name of the algorithm used to hash the salted password (e.g. SHA1 or MD5 [I am not going to use MD5!]) so in case of someone finding a breach in the algorithm I use, I could switch to use another algorithm for future users ?
Notice: I'm not talking about the algorithm used to generate the random hash.