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How do nodes verify Bitcoin Transactions? (b) The output script for the new transaction will be formed by A's client It will store the hash of the BTC Address of B and enable it to spend these BTC in future Now, my questions are: All these actions are performed by the Bitcoin Client of A and it does not require any interaction with the Peer to Peer Network
Correct use of the word Bitcoin - Bitcoin Stack Exchange Accepted practice is to use Bitcoin (singular with an upper case letter B) to label the protocol, software, and community, and bitcoins (with a lower case b) to label units of the currency So, the accepted usage in your example would be "3 bitcoin" and the "Bitcoin protocol"
Key derivation in HD wallets using the extended private key vs hardened . . . The fields are ordered as in the structure above On both, the magic says xprv, the depth is incremented between the parent and child, the fingerprint at c is the hash160 of the public key that you would get from the private key at b, and b 's index is in the first, non-hardened half of the range while c 's is the second, hardned half