Your entire wallet can be retrieved from the password seed and the keys to unlock it.

1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2  suppose this is a bitcoin receive address.  

here is a typical seed

constant forest adore false green weave stop guy fur freeze giggle clock

There is more info in the bitcoin address than the seed.

You send your 12 word seed to an electrum server and they send back to you at minimum an address of your wallet but then you also need the private key to the wallet.  I realize from wallet an algorithm is used to generate all your receive addresses.


to summarize, it seems from your 12 word seed you generate a private key on your computer.  Then you then send public keys to electrum servers and they send you back all the info for that wallet?  Sort of the way you can go to blockchain.info and enter an address and it can send back to all the info about that address.  

Just trying to figure out how it works as it is NOT in the faq.