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What you most likely have is an old-fashioned coaster brake, along with a hand brake. In reality the coaster brake is probably more "natural" for someone learning -- the hand brake is mostly an affectation designed to make the bike appeal more to boys (of all ages). But it is possible to disassemble the rear hub and disable the brake in most cases. There ...

The term "cone nut", on a bike, generally refers to the nuts that comprise the outer half of a bearing race (the inner half being formed into the wheel hub or whatever). The "cone" side, which faces inward, has a concave profile so that the balls will roll smoothly in it. It's hard to tell what you have from your description. I do vaguely recall some ...

Don't forget to make certain the reaction arm is properly and securely fixed to the frame. During mad skidzzzz there will be serious force put on it, so don't take the matter likely. If it comes loose while stopping, not only might it make stopping a challenge, it can destroy the hub bearings.