What is the best way of generating a hash for the purpose of storing a session? I am looking for a lightweight, portable solution.
bin2hex(mcrypt_create_iv(22, MCRYPT_DEV_URANDOM));
Example output:
d2c63a605ae27c13e43e26fe2c97a36c4556846dd3ef
Bare in mind that "best" is a relative term. You have a tradeoff to make between security, uniqueness and speed. The above example is good for 99% of the cases, though if you are dealing with a particularly sensitive data, you might want to read about the difference between MCRYPT_DEV_URANDOM and MCRYPT_DEV_RANDOM.
Finally, there is a RandomLib "for generating random numbers and strings of various strengths".
Notice that so far I have assumed that you are looking to generate a random string, which is not the same as deriving a hash from a value. For the latter, refer to password_hash.