I was trying to find an answer since many days. Can It be done that => Can we have one admin panel for 2 different wordpress sites ?
2- Can we have 2 different wordpress websites that uses the single database ??
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You can have single database for mustiple wordpress installation. To achieve this you just need to change Table Prefix in
wp_config.php file before installation of wordpress.
wp_config.php search for this
$table_prefix = 'wp_';
Here "'wp_'" is the default prefix which is use to add with every wordpress table in database. Just change this (_wp) into any other prefix for your second wordprss installation. like..
$table_prefix = 'wp_2_';
Note : These change must be done before installation of wordpress in single database.
As an alternate and better solution you can use multysite concept to have more than one website using single wordpress installation. See this article to know about how to create multisite in wordpress.