MD5 encrypting is possible, but decrypting is still unknown (to me). However, there are many ways to compare these things.
Using compare methods like so:
<?php
$db_pass = $P$BX5675uhhghfhgfhfhfgftut/0;
$my_pass = "mypass";
if ($db_pass === md5($my_pass)) {
// password is matched
} else {
// password didn't match
}
Only for WordPress users.
If you have access to your PHPMyAdmin, focus you have because you paste that hashing here: $P$BX5675uhhghfhgfhfhfgftut/0, WordPress user_pass is not only MD5 format it also uses utf8_mb4_cli charset so what to do?
That's why I use another Approach if I forget my WordPress password I use
I install other WordPress with new password :P, and I then go to PHPMyAdmin and copy that hashing from the database and paste that hashing to my current PHPMyAdmin password ( which I forget )
EASY is use this :
I USE THIS APPROACH FOR MY SELF WHEN I DESIGN THEMES AND PLUGINS
WORDPRESS USE THIS
https://developer.wordpress.org/reference/functions/wp_hash_password/