best password hashing algorithm for php code example

Example 1: php hash password

<?php
echo 'Argon2i hash: ' . password_hash('rasmuslerdorf', PASSWORD_ARGON2I);
?>

Example 2: php hash password

<?php
/**
 * We just want to hash our password using the current DEFAULT algorithm.
 * This is presently BCRYPT, and will produce a 60 character result.
 *
 * Beware that DEFAULT may change over time, so you would want to prepare
 * By allowing your storage to expand past 60 characters (255 would be good)
 */
echo password_hash("rasmuslerdorf", PASSWORD_DEFAULT);
?>