password hashing and verify

<?php
/**
 * In this case, we want to increase the default cost for BCRYPT to 12.
 * Note that we also switched to BCRYPT, which will always be 60 characters.
 */
$options = [
    'cost' => 12,
];
$hash1 = password_hash("mandeep", PASSWORD_BCRYPT, $options);

  echo $hash1. "<br>";


// $hash = '$2y$07$BCryptRequires22Chrcte/VlQH0piJtjXl.0t1XkA8pw9dMXTpOq';

if (password_verify('mandeep', $hash1)) {
    echo 'Password is valid!';
} else {
    echo 'Invalid password.';
}


?>