<?php
$salt = substr(str_replace('+', '.', base64_encode(sha1(microtime(true), true))), 0, 22);
// 2a is the bcrypt algorithm selector, see http://php.net/crypt
// 12 is the workload factor (around 300ms on my Core i7 machine), see http://php.net/crypt
echo $hash = crypt('falcon', '$2a$12$' . $salt);
var_dump('$2a$12$' . $salt);
// we can now use the generated hash as the argument to crypt(), since it too will contain $a2$12$... with a variation of the hash. No need to store the salt anymore, just the hash is enough!
var_dump($hash == crypt('foo', $hash)); // true
var_dump($hash == crypt('falcon', $hash)); // false