Obligatory link to "How to safely store a password".

http://codahale.com/how-to-safely-store-a-password/

If you're simply trying to solve the problem of storing passwords, Coda's article is better than this one.

Yeah. I think defuse wrote that page 3-4 years ago and hasn't really maintained it since then.

For PHP Devs, these are the two best options available:

* https://github.com/ircmaxell/password_compat

* https://github.com/DomBlack/php-scrypt