<prompt> Create an algorithm to identify whether two strings are anagrams.  <response>: Here is an example of an algorithm to identify whether two strings are anagrams:1. Define a function called is_anagram that takes two string arguments, str1 and str2.2. If the lengths of str1 and str2 are not equal, return False since two strings must have the same length to be anagrams.3. Create two dictionaries, dict1 and dict2, to store the counts of characters in str1 and str2 respectively.4. Loop through each character in str1, and for each character, increment its count in dict1 by 1.5. Do the same for str2 and dict2.6. If dict1 and dict2 are equal, return True to indicate that str1 and str2 are anagrams, otherwise return False.The final algorithm in Python can look like this:pythondef is_anagramstr1, str2: if lenstr1 ! lenstr2: return False dict1 dict2 for char in str1: if char in dict1: dict1char 1 else: dict1char 1 for char in str2: if char in dict2: dict2char 1 else: dict2char 1 if dict1 dict2: return True else: return False 