What is the difference between ancestral and derived characters?
Simply so, what is a derived character?
A shared character is one that two lineages have in common, and a derived character is one that evolved in the lineage leading up to a clade and that sets members of that clade apart from other individuals. Shared derived characters can be used to group organisms into clades.
Consequently, what are ancestral and shared derived characteristics?
An ancestral character is shared with the species ancestral to more than one group: it can lead to different groups being classified together. A shared derived character is shared by the ancestral species and a single group: it is the only reliable guide to inferring phylogeny.
Homologous traits are those traits that are shared by two or more different species that share a common ancestor. These traits are similar in structure or genetics, but may have very different functions and appearances.