What are the potential drawbacks of setting a maximum character limit for passwords in PHP?

Setting a maximum character limit for passwords in PHP can restrict users from creating strong and secure passwords. It may also lead to frustration for users who prefer longer passwords for added security. To solve this issue, it is recommended to use hashing algorithms like bcrypt to securely store passwords without limiting the character length.

$password = "user_input_password";

// Hash the password using bcrypt
$hashed_password = password_hash($password, PASSWORD_BCRYPT);

// Verify the password
if (password_verify($password, $hashed_password)) {
    echo 'Password is correct!';
} else {
    echo 'Password is incorrect!';
}