In the .NET framework there are a couple of ways to calculate an MD5 hash it seems, however there is something I don't understand;

What is the distinction between the following? What sets them apart from eachother? They seem to product identical results:

    public static string GetMD5Hash(string str)
    {
        MD5CryptoServiceProvider md5 = new MD5CryptoServiceProvider();
        byte[] bytes = ASCIIEncoding.Default.GetBytes(str);
        byte[] encoded = md5.ComputeHash(bytes);

        StringBuilder sb = new StringBuilder();
        for (int i = 0; i < encoded.Length; i++)
            sb.Append(encoded[i].ToString("x2"));

        return sb.ToString();
    }

    public static string GetMD5Hash2(string str)
    {
        System.Security.Cryptography.MD5 md5 = System.Security.Cryptography.MD5.Create();
        byte[] bytes = Encoding.Default.GetBytes(str);
        byte[] encoded = md5.ComputeHash(bytes);

        StringBuilder sb = new StringBuilder();
        for (int i = 0; i < encoded.Length; i++)
            sb.Append(encoded[i].ToString("x2"));

        return sb.ToString();
    }