blazor component ValueChanged

<h1>Child Component</h1>

Password: 

<input @oninput="OnPasswordChanged" 
       required 
       type="@(showPassword ? "text" : "password")" 
       value="@Password" />

<button class="btn btn-primary" @onclick="ToggleShowPassword">
    Show password
</button>

<span class="text-danger">@validationMessage</span>

@code {
    private bool showPassword;
    private string password;
    private string validationMessage;

    [Parameter]
    public string Password
    {
        get { return password ?? string.Empty; }
        set
        {
            if (password != value)
            {
                if (value.Contains(' '))
                {
                    validationMessage = "Spaces not allowed!";
                }
                else
                {
                    password = value;
                    validationMessage = string.Empty;
                }
            }
        }
    }

    [Parameter]
    public EventCallback<string> PasswordChanged { get; set; }

    private Task OnPasswordChanged(ChangeEventArgs e)
    {
        Password = e.Value.ToString();

        return PasswordChanged.InvokeAsync(Password);
    }

    private void ToggleShowPassword()
    {
        showPassword = !showPassword;
    }
}