Breathing air into the lungs is no longer considered necessary for CPR. I'm not sure of the details but apparently the lung muscles do move a little while in ventricular fibrillation and you get enough oxygen to keep the brain alive with just chest compression.
However, i'm not sure how well that works for hours on end. so yeah, might need extra person.
Emergency services are trained in rescue breaths however they are entirely optional. There are cases where the first responder is unable or unwilling to give rescue breaths and that is perfectly fine (and won't expose you to any litigation if you simply refuse). After 30 chest compressions, 2 rescue breaths is still the recommendation. Rinse and repeat. If rescue breaths are not given, by compressing the chest cavity, you are still causing some air to enter and be expelled from the lungs anyway. If you don't know what you're doing, just stick with compressions (they should be deep enough where you might break ribs).
In relation to the OPs question, my (basic) understanding is that AEDs (Automated external defibrillators) are only effective if the heart muscle in a particular state of tachycardia or fibrillation. After a series of compressions, the AED will instruct the first aider not to touch the patient while it measures what the heart is doing. If it detects that neither condition exists (or if the heart has stopped entirely), a shock will not be delivered.
Manual defibrillators (such as those you see in Ambulances and hospitals) will allow shocks to be delivered in a wider range of circumstances, but are more complicated to operate and require proper training to be effective.
As for the shock that is delivered from the AED itself, they will deliver a shock with a biphasic waveform, I guess similar to AC. The first phase of the shock is generally <=10 milliseconds in duration.
In any case, if chest compressions can be started early and maintained until emergency services arrive, I would say the patient has a far better chance of survival as opposed to attempting any kind of home-brew defibrillation which might put the heart in a state where an AED could be rendered ineffective. If you render first aid as per your training, you won't/can't be sued for negligence even if the patient dies. If you start messing around with mains power and the patient dies, that could be on you. The other consideration is that in a panic and in the heat of the moment, you might be exposing others or yourself to unnecessary danger.