Exactly. Your encryption key is stored encrypted so that we have no access to it. It is decrypted when you enter your password. We don't have access to your pas

Exactly. Your encryption key is stored encrypted so that we have no access to it. It is decrypted when you enter your password. We don't have access to your password, only an encrypted hash of it, so that our systems can recognize it. We cannot derive your password back from the hash.