Are there any potential security risks associated with using md5 for password encryption in PHP?

Using md5 for password encryption in PHP is not recommended as it is considered to be insecure and easily crackable. It is susceptible to various attacks such as collision attacks and rainbow table attacks. It is better to use more secure hashing algorithms like bcrypt or Argon2 for password encryption in PHP. 

// Using bcrypt for password encryption
$password = "password123";
$hashed_password = password_hash($password, PASSWORD_BCRYPT);

Keywords

md5 password encryption security risks PHP encryption algorithm

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