How does one update password on wallet and not lose that orignal wallet ? Seeing no options to change password used for wallet. Need some help on this one. Thanks
You can't, as the password is your private key. If you want to change password you need to create a new wallet and transfer everything.
If you make a new one, make sure it is strong, as it is your private key. If someone obtains it, you are not going to get the content of the wallet back.
This may seem odd at first, but I see the positive thing: You have no private local data.
No wallet that may be lost due to a local crash, no need to have a "local wallet" at all.
You just need to guard your passphrase (private key), and unless you mine solo it doesn't need
to be stored on disk at all.
Moving all your funds over to a new account/passphrase is easy and costs just 1 Burst.
I guess most people mining solo have a dedicated passphrase for that (as its needed
on disk or at least in RAM for the miner process) and another for their funds.
This wallet-less design is one of the many features I like very much.