What are the limitations of using MD5 hashing for password security in PHP applications?
Using MD5 hashing for password security in PHP applications is not recommended due to its vulnerabilities to brute force attacks and collision vulnerabilities. To improve password security, it is recommended to use stronger hashing algorithms such as bcrypt or Argon2.
$password = "password123";
$hashed_password = password_hash($password, PASSWORD_BCRYPT);