I\'ve been reading this article from MSDN on Rfc2898DeriveBytes. Here is the sample encryption code they provide.
string pwd1 = passwordargs[0];
// Create a byte
How to properly store password locally
Just don't do it. No really don't do it.
...But if you really really have to, never just implement it yourself. I would recommend reviewing how ASP.NET Identity hashes passwords. Version 3 is pretty rock solid at the moment:
note that the following is taken from github.com and may be changed at any time. For the latest, please refer to the previous link.
private static byte[] HashPasswordV3(string password, RandomNumberGenerator rng, KeyDerivationPrf prf, int iterCount, int saltSize, int numBytesRequested)
{
// Produce a version 3 (see comment above) text hash.
byte[] salt = new byte[saltSize];
rng.GetBytes(salt);
byte[] subkey = KeyDerivation.Pbkdf2(password, salt, prf, iterCount, numBytesRequested);
var outputBytes = new byte[13 + salt.Length + subkey.Length];
outputBytes[0] = 0x01; // format marker
WriteNetworkByteOrder(outputBytes, 1, (uint)prf);
WriteNetworkByteOrder(outputBytes, 5, (uint)iterCount);
WriteNetworkByteOrder(outputBytes, 9, (uint)saltSize);
Buffer.BlockCopy(salt, 0, outputBytes, 13, salt.Length);
Buffer.BlockCopy(subkey, 0, outputBytes, 13 + saltSize, subkey.Length);
return outputBytes;
}