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What I have done --> I have created my own blockchain which is basically forked from Ethereum. So everything that can be done on Ethereum, can in theory by done on my blockchain. I can run a local node on my device.

What I Want to do --> Create two accounts using the browser front end and some JavaScript libraries like web3.js and store its keystore file on my device locally. I want to send coins from one account to another.

Will it be possible to run a local node and connecting to that node using web3 = new Web3(new Web3.providers.HttpProvider("http://localhost"));

How do I view/verify the transactions being sent?

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Yes, you're on track!

Just a bit of terminology first, the node that you're running would be classified as a local node/ local (or private) network, and yes, it will replicate the behaviors of Ethereum mainnet (in most cases).

A tip: Don't forget to allocate balance to yourself when setting up your own node in the genesis.json file. It'll be your (test)ether on your own private network.

Yes, web3 = new Web3(new Web3.providers.HttpProvider("http://localhost:port")); will connect you to your local node. Don't miss the port number.

You'd send transactions like you'd on the Ethereum mainnet. The web3js is 'network-agnostic'. Here's the documentation link for reference.

How do I view/verify the transactions being sent?

There are multiple ways. You may use web3js itself and subscribe to events. The easiest way would be to use the node of your console i.e. geth/parity console to check transactions. Additionally, at the moment, our ethereum stackexchange has many answers and amply covers the topic of viewing and verifying transactions.

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