The basis for an electrochemical cell, such as the galvanic cell, is always a redox reaction which can be broken down into two half-reactions: oxidation at anode (loss of electron) and reduction at cathode (gain of electron). Electricity is generated due to electric potential difference between two electrodes. This potential difference is created as a result of the difference between individual potentials of the two metal electrodes with respect to the electrolyte. (Reversible electrode is an electrode that owes its potential to changes of a reversible nature, in contrast to electrodes used in electroplating which are destroyed during their use.) It is the measure of reducing power of any element or compound.