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There is only one version of Minecraft for the Xbox 360.
no
The only way you can be in multiplayer you have to get xbox live account then you have to get xbox gold for it (-you have to buy it) after you get xbox live you can add your friends but they have to have xbox live and xbox gold to play with you.
Yes you can.
Currently, the Xbox 360 version of Minecraft is running 1.6.6 beta. This update came out before the adventure update of 1.8. It will take a while for the Xbox 360 version of Minecraft to catch up to the PC version of the game.