They are two different things.
"Springyness" is called elasticity. This is described by a modulus of elasticity, also for elongation called Young's modulus $Y$. Looking at a stress-strain curve [source] as below, the elasticity is the slope of the straight line in the elastic region.
- If you are not familiar with a stress-strain curve, consider it as a curve resulting from a test of a material. If you pull the material sample with larger and larger stress $\sigma$ (force per area), you attain this curve (strain $\epsilon$ is elongation in percentage of the original length). The elastic region is where the material returns to initial state. The plastic region is where permanent deformation is done; it might still be "springy" but will not return all the way to initial state. (If the curve starts to bend downwards before the failure point, that area is furthermore called necking; but is not shown here.)
"Hardness" is different and is not described by the modulus of elasticity or similar. The more pure and perfect your material microstructure is, if it for example is a crystal, the softer it is. If there on the other hand are errors in the crystal - errors like dislocations, impurities and other atomical defects as well as other imperfections as grain development - the material gets harder. Then rows of atoms in the lattice of the crystal have a much harder time "stretching" and "slipping" and "sliding" around. For lower grain sizes the hardness as a rule-of-thumb increases, called the Hall-Petch rule (though there is a limit).
It is all about adding disturbances to bring tension inside the lattice, keeping the atomic positions fixed. What a heat treatment does, is in fact to trap impurity atoms inside the lattice. The old iron smiths from thousands of years back utilized this without knowing the cause. When they heated up steel, at a certain temperature it changed it's stable crystal type. Carbon atoms from the ashes in the open fires where mixed into tiny gabs and spaces in unit cells here and there on the atomical scale. Cooling it down fast (quenching in a bucket of water) closed the lattice and changed the unit cell structure rapidly, since the prefered crystal type is different for lower temperatures. Carbon atoms may be trapped, and impurities where hereby added. The steel was much, much harder.
The Japanese Katana Samurai swords from ancient times are examples of mechanical hardening on top of the heating treatment. They hammered the metal flat, folded it, hammered it, foled it, and did this for many, many layers. The resulting microscale disturbances were violent and the crystal structure was full of imperfections and very much harder that typical heat treated hardened steel.
The microstate changes for different temperatures can be overviewed with a phase diagram like this [source]:
- Pure iron is all the way to the left, and the more to the right you go along the axis, the more carbon is added. Each area is a specific phase, and phases have different crystal types (different atomic arrangements for each unit cell) for different temperatures (and composition). This does not tell how the microstructure looks, just what phases are prefered. Because even at a state of prefered phases in this diagram, you can violently mess the structure itself around mixing up all the grain orientations from the above described methods of heat treatment, mechanical treatment etc.
Best Answer
I take a slightly different, but not contradictory, view to Crazy Buddy.
You need to distinguish between cutting a plastic material and cutting a brittle material. I think Crazy Buddy's answer applies to plastic materials where the material flows around the knife.
In a brittle material cutting is basically a fracture process. The edge of even the sharpest knife is blunt when you get down to the molecular scale, so the knife acts more like a wedge.
As an analogy consider a wedge splitting wood. The wedge doesn't cut the wood: instead it forces the wood apart do there is a fracture preceding the sharp edge of the wedge. Cutting anything with even the sharpest knife works in the same way. The reason sharp knives cut more easily is that they concentrate the force in a smaller area so the stress causing the fracture is greater.
In a fracture you certainly break inter-molecular bonds, but you probably don't break molecular bonds unless it's a material like a metal where there's no distinction between the two types of bond. When you break the bonds the energy goes into increased surface energy i.e. cutting increases the surface area and the surface energy associated with it. However in most cases the dominant mechanism for energy loss is plastic deformation in the material being cut, and this does end up as heat.