JSFiddle - React, Tailwind, and code Playground

HTML

from Deed to Confirm:
<br><br>
<input type="text" value="Password" id="psw" />

JavaScript

var vpas=$('#psw').val();

$('#psw').focus(function () {
   
    this.type='password';
    this.value='';

});

$('#psw').focusout(function () {
    if(this.value==''){
        this.type='text';
        this.value=vpas;
    }
});