The cyclic voltammetry (CV) measurements are performed by using the three electrode system, consisting of dye casted on glassy carbon electrode as the working electrode, Pt electrode as a counter and Ag/AgCl as a reference electrode. All three electrodes were immersed in the acetonitrile solution consisting an electrolyte [0.1M (n-Bu) N (BF4) in acetonitrile] and data were recorded at a scan rate of 100 mV/s.
Please answer what are the key differences and merits of two and three electrode system?