It enables the password that you have typed to be temporarily displayed on the screen.
Here is a "password reveal button" for your browser, it always appears on the right-hand side of password boxes on web pages.
User can just click and hold down the left button via mouse.
It will display the password instead of symbol "stars".
Its a easy way to let user check the password typing.
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Context menu extension to view auto completed hidden password.
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Reveal your passwords!
simple way to reveal password inputs on chrome - for lazies
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Revealing passwords in login and registration forms