Authentication method ‘caching_sha2_password’ not supported by any of the available plugins Error while connecting Toad with MySQL

I followed the following 2 stpes:

1. Change the content of the ‘my.ini’ file at following location: C:\ProgramData\MySQL\MySQL Server 8.0 default_authentication_plugin=mysql_native_password

2. ALTER USER ‘user’@’localhost’ IDENTIFIED WITH
-> mysql_native_password BY ‘rootpassword’;