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

Beyond the Headline Bonus -How to Measure Real Value at a Crypto Casino

August 8, 2026

Bybit Sues North Korea and Lazarus Group, Secures Preliminary Injunction Freezing Stolen Assets in Landmark Crypto Asset Recovery Effort

August 8, 2026

Carbon Launches TradFi-Native On-Chain Derivatives Venue With 950+ Markets in One Account

August 7, 2026

MEXC Lists New Ondo Tokenized Stock Pairs Spanning AI Infrastructure, Semiconductor and Rare Earth Sectors

August 7, 2026

ORBS) Reports Total Holdings of Approximately $378 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Nearly 302 Million WLD Tokens

August 6, 2026

ChangeNOW Brings Martin Masser Into Its Crypto Super App

August 5, 2026

MEXC 0808 debuts as an annual brand event with Stock Season and a $500,000 prize pool

August 5, 2026

Tria Launches First TradFi vs. Crypto Trading Competition

August 5, 2026

Bybit.eu Expands European Offering as Bybit Payments GmbH Secures Electronic Money Institution Licence

August 4, 2026

1win Introduces Seamless Web3 Login and Crypto Deposits via Trust Wallet, MetaMask, and WalletConnect

August 4, 2026

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.8 Million Tokens, and Total Crypto and Total Cash Holdings of $11.3 Billion

August 3, 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

Beyond the Headline Bonus -How to Measure Real Value at a Crypto Casino

August 8, 2026

Bybit Sues North Korea and Lazarus Group, Secures Preliminary Injunction Freezing Stolen Assets in Landmark Crypto Asset Recovery Effort

August 8, 2026

Carbon Launches TradFi-Native On-Chain Derivatives Venue With 950+ Markets in One Account

August 7, 2026
Most Popular

US Spot Bitcoin ETFs Record 9th Consecutive Day of Net Inflows

July 18, 2024

Top Trending Cryptocurrencies on DEXTools – AIT Protocol, Satellite Doge-1, dogwifhat

December 25, 2023

DePin Helium Mobile Releases First Progress Update After Roadmap

July 15, 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.