Passwords have historically been pivotal for access control and authentication, yet their security remains a recurring concern in today’s digital world. As evidenced by high-profile data breaches, secure password storage has always been paramount, but often not achieved. While users grapple with the creation of strong, memorable passwords, the burden also falls on service providers to store these passwords securely. Even though alternative authentication mechanisms have emerged, password-based authentication remains pervasive. Surprisingly, studies highlight that developers frequently exhibit misconceptions or negligence towards password storage security. This paper traces the progression of password storage methods by explaining four password hashing methods. By informing of four modern password storage systems, this work seeks to bridge the knowledge gap, advocating for better practices and illuminating the significance of prioritizing security alongside functionality.