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What is wallet password?
When creating a wallet in the Halo Wallet App, you need to set a password of at least 6 characters. The wallet password is used to manage the wallet, e.g. to transfer funds, and must be entered when importing a wallet with a private key/keyword. Passwords can be changed or reset. If the original password is forgotten, the wallet can be imported with the private key or mnemonic words and a new password can be set. An analogy can be drawn with bank accounts to differentiate between them.
Private key = bank card number + bank card password
Secret phrase = bank card number + card password
Password = bank card password