What is password masking?

Password masking is a very common web design pattern. It involves a text field which accepts any character however doesn’t show the inputted character to the user. Instead it shows a bullet point. This concept is being utilised across the web in the aid of increasing security. You’ll find examples of it on pretty much any site which requires a user to login.
How to see behind the ********?
1. Open Chrome browser, then right mouse on Password Text => Select "Inpect"
2. Change "hidden" property of below tag into "text"