CrackStation:

If you’re a web developer, you’ve probably had to make a user account system. The most important aspect of a user account system is how user passwords are protected. User account databases are hacked frequently, so you absolutely must do something to protect your users’ passwords if your website is ever breached. The best way to protect passwords is to employ salted password hashing. This page will explain how to do it properly.

A must read if you ever had to create something that stores passwords.