I buy my cutting edges from Valk Mfg, in New Kingston, PA. They manufacture all types of cutting edges, snow plow blades, grader/scraper blades. They can "harden" most anything in their furnaces.
The most common cutting edge is the "hardened" variety. Means the steel is tough enough to not break when hitting something solid, but the outside is heat treated to prolong wear life. The one's I like to sell my customers are the "through hardened" blades. They are still ductile, but of equal hardness throughout the entire thickness/width of the blade. Gives much longer wear life.
Heat treatment is a very involved science. For most of us that don't have the training or equipment, the oxy-acetylene torch is our method. Many of the posts in this thread are right on.
One method I use to "sharpen/harden" my cold chisels is: After grinding and reforming the cutting edge, I heat the end of chisel with a "carburizing" flame. Once the end becomes a dark cherry red I quench it in USED motor oil and allow it to sit in the oil until totally cool. Why used? Carbon deposits in the oil from the engine it was removed from. Because when heating something opens the "pores", the carbon will enter these open pores and make it tougher. Both the carburizing flame from your oxy-acetylene torch and the carbon in the oil will add toughness to the chisel. I use my chisels a lot, and only have to do this about once a year.
For any detailed info on heat treatment visit the American Welding Society web site. Lots of good info there.
Good posts everyone.