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

9 legendary cryptocurrencies you need to know

July 30, 2026

MEXC Lists Grvt (GRVT) with $60,000 Worth of GRVT and 10,000 USDT in Airdrop+ Rewards

July 30, 2026

MEXC Ventures Supports Alpha Arena’s APAC Debut at Coinfest Bali

July 30, 2026

Tria Returns More Than $600,000 to the Community That Helped Build Its Ecosystem

July 29, 2026

Bybit Launches New DCA Challenge with Up to 55,000 USDT in Rewards for BTC, ETH and XAUT Auto-Investing

July 29, 2026

MEXC Integrates World-Check to Fortify Institutional Grade Compliance Architecture

July 29, 2026

Bybit Introduces Finloop’s FUIDL backed by an AAA-rated Money Market Fund

July 29, 2026

Canton’s Decentralized App Layer Launches, Backed by $1M+ Foundation Grant

July 28, 2026

1inch launches Aqua to the public, introducing the first shared liquidity layer for DeFi

July 28, 2026

Zcash price prediction for 2026: Will $ZEC reach $500 or fall to $200?

July 27, 2026

ORBS) Announces its Participation in World Foundation’s $52.5M funding round as World Shifts From Building the Network to Scaling Utility

July 27, 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

9 legendary cryptocurrencies you need to know

July 30, 2026

MEXC Lists Grvt (GRVT) with $60,000 Worth of GRVT and 10,000 USDT in Airdrop+ Rewards

July 30, 2026

MEXC Ventures Supports Alpha Arena’s APAC Debut at Coinfest Bali

July 30, 2026
Most Popular

BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

August 7, 2024

‘Dragon’s Dogma 2’ Beginner’s Guide: 8 Tips for the Best Start

April 21, 2024

ETF Outflows and Market Pressure: Is Bitcoin (BTC) Near Bottom?

June 25, 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.