Then, why do some plugs have 3 prongs?
If you look around your house, what you will find is that just about every appliance with a metal case has a three-prong outlet. The idea behind grounding is to protect the people who use metal-encased appliances from electric shock. The casing is connected directly to the ground prong.
Furthermore, which prong is hot on a 3 prong plug? There is only one way to insert a three-prong plug into a three-prong receptacle. But regular two-prong plugs, which lack the ground prong, can be connected with either prong on the hot side. To prevent that from happening, the receptacles are polarized, which means that the neutral prong is wider than the hot prong.
Hereof, can you use a 2 prong plug in a 3 prong extension cord?
When you plug a two prong device into a three prong extension cord, the device is not connected in any way to the ground wire in the cord. There is no downside in this arrangement, but a two wire/prong extension would do the same thing.
What happens if you remove the third prong?
When you plug in a three-pronged plug, that third prong is providing an alternate pathway for electricity in the event of a fault. If you cut the third prong off of a plug, you defeat the safety feature. Also, adapters were designed to use the cover screw to complete a ground circuit on some older plug designs.