The Text Encryption Tool for Chrome allows you to encrypt your text when sending or saving it to the clipboard. This extension will generate a unique public/private key pair when installed, so no one else can decrypt the text you write or save it on the clipboard.

The encryption algorithm used in the tool is SHA-256, the same algorithm used in modern encryption systems like the AES algorithm and the SHA-1 algorithm. This makes it a useful tool for password encryption, a good choice for secure storage, and a very useful tool to encrypt data securely.

If you are using a synced storage for storing text, the tool will generate a unique public/private key pair when installed, and store the public key in the synced storage. This way, the public key can be used to store the text securely.