Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»wallet – Create and sign transactions locally in Ruby
BITCOIN NEWS

wallet – Create and sign transactions locally in Ruby

By Crypto FlexsMay 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
wallet – Create and sign transactions locally in Ruby
Share
Facebook Twitter LinkedIn Pinterest Email

So I’m using public node for Bitcoin node integration and previously I used sendtoaddress method to build, sign and broadcast transactions on the node. But now the sendtoaddress method is not allowed on public nodes due to privacy reasons due to private key disclosure, so we have to create, sign and broadcast the transaction locally offline. I’m using Ruby on Rails (openware/peatio). Here is my code so far: I am using the Bitcoinrb gem ( https://rubygems.org/gems/bitcoinrb ).

TESTNET_BASE_URL = "https://blockstream.info/testnet/api/address/".freeze
MAINNET_BASE_URL = "https://blockstream.info/api/address/".freeze



def create_transaction!(transaction, options = )
  env = @currency.dig(:key)&.include?('testnet') ? "testnet" : "mainnet"
  ::Bitcoin.chain_params=(env)
  key = ::Bitcoin::Key.new(priv_key: @wallet.fetch(:secret))
  url = @currency.dig(:key)&.include?('testnet') ? TESTNET_BASE_URL : MAINNET_BASE_URL
  response = URI.open(url + "#@wallet(:address)/utxo")
  utxos = JSON.parse(response.read)
  trx = build_trx(utxos.first, transaction.to_address, transaction.amount)
  trx = sign_transaction(trx, @wallet.fetch(:secret))


  signed_trx = client.json_rpc(:sendrawtransaction, "hexstring": trx.to_payload.bth, maxfeerate: 0)
  Rails.logger.warn  "-=-=-=sendrawtransaction-=-=- #signed_trx.inspect -=-=-=-=-=-=-=-=" 
  signed_trx
rescue Bitcoind::Client::Error => e 
  raise Peatio::Wallet::ClientError, e
end

def sign_transaction(tx, private_key)
  key = Bitcoin::Key.new(priv_key: private_key)
  tx.inputs.each_with_index do |input, index|
    script_pubkey = Bitcoin::Script.to_p2pkh(key.pubkey)
    input.script_sig = script_pubkey
  end
end

def build_trx(utxo, recipient_address, amount)
  tx = Bitcoin::Tx.new
  tx_in = Bitcoin::TxIn.new(out_point: Bitcoin::OutPoint.new(utxo("txid"), utxo("vout").to_i))
  tx.inputs << tx_in
  tx_out = Bitcoin::TxOut.new(value: amount.to_f, script_pubkey: Bitcoin::Script.to_p2pkh(recipient_address))
  tx.outputs << tx_out
  tx
end

However, the output of sendrawtrasnaction is:

"statusCode":403,"errorCode":"btc.blockchain.broadcast.error","message":"Unable to broadcast transaction.","cause":"Request failed with status code 500","dashboardLog":"https://dashboard.tatum.io/logs?id=663f683a798bb0f969fc3760"

Please let me know if I need to do it any other way. If I’m doing something wrong or missing something, I’d appreciate some help.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Morgan Stanley’s Bitcoin ETF has been a huge success.

July 24, 2026

FTX plans to pay $900 million to creditors when the fifth distribution begins on July 31.

July 18, 2026

Saylor’s strategic message doesn’t help push the Bitcoin story, says StanChart.

July 12, 2026
Add A Comment

Comments are closed.

Recent Posts

CoinRabbit Wins “Best Crypto Lending Platform 2026” Award from International Business Magazine

September 4, 2026

Liquid Mercury Announces Initial Closing of ACQUA1 Offering

September 4, 2026

Holders of BTC, ETH, and USD are flocking to FTmining cloud mining to earn €3,700 daily

September 4, 2026

ORBS) Reports Total Holdings of Approximately $380 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Nearly 302 Million WLD Tokens

September 3, 2026

DWF Labs Expands Global Regulatory Footprint with BVI Virtual Asset Service Provider Approval

September 3, 2026

MEXC Concludes 0808 Stock Season with Over 86,000 Participants and More Than $1M Saved Through 0 Fee Trading

September 3, 2026

Which LST Should You Hold?

September 3, 2026

Bybit Expands Islamic Account, Adding 100 New Shariah-Compliant Trading Pairs

September 1, 2026

Alkemya Metacore Secures $50M via Tokenised Equity to Scale Nickel Energy and Security Tech

September 1, 2026

Phase 1, Offering 125M $WLFI + 6.25M USD1 in Rewards

September 1, 2026

MEXC Data -BTC Breaks $80,000, Major-Asset Spot Trading Volume Surges 300%

August 31, 2026

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CoinRabbit Wins “Best Crypto Lending Platform 2026” Award from International Business Magazine

September 4, 2026

Liquid Mercury Announces Initial Closing of ACQUA1 Offering

September 4, 2026

Holders of BTC, ETH, and USD are flocking to FTmining cloud mining to earn €3,700 daily

September 4, 2026
Most Popular

Catalyst or controversy in the cryptocurrency world?

December 9, 2023

Avax charges a blockchain fee, but the sleeve is quietly extracted. What does this mean?

May 24, 2025

Multipool announced LBP after raising $650,000 in a VC round led by NxGen.

May 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2026 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.