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

AI pivots won’t save you. Wintermute speaks to Bitcoin miners:

March 14, 2026

Startup StarCloud Plans First Bitcoin Mining Satellite in Low Earth Orbit

March 8, 2026

Are Investors Abandoning BTC?

March 2, 2026
Add A Comment

Comments are closed.

Recent Posts

MetaWinners Community Launches $METAWIN Token Presale

March 19, 2026

Pi Network weathers cryptocurrency market crash as major mainnet upgrade fuels hype

March 19, 2026

Phemex Astral Trading League Launches $450,000 Pisces Season

March 19, 2026

Ethereum is gaining ground over Bitcoin amid the escalating US-Iran war.

March 19, 2026

Cango Inc. Reports Fourth Quarter And Full Year 2025 Unaudited Financial Results

March 19, 2026

Leonardo AI unveils comprehensive image editing suite with six model options

March 19, 2026

RWA increases by 8% in 30 days – is it more than just a ‘safe’ bet?

March 19, 2026

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.596 Million Tokens, And Total Crypto And Total Cash Holdings Of $11.5 Billion

March 19, 2026

Bank of Korea begins phase 2 of digital won pilot project including real subsidies

March 19, 2026

Vault12 Guard 2.8 provides real-time portfolio balance for cryptocurrency inheritance

March 18, 2026

Aster Expands WLFI Collaboration, Launches USD1-Denominated Perpetual Markets

March 18, 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

MetaWinners Community Launches $METAWIN Token Presale

March 19, 2026

Pi Network weathers cryptocurrency market crash as major mainnet upgrade fuels hype

March 19, 2026

Phemex Astral Trading League Launches $450,000 Pisces Season

March 19, 2026
Most Popular

Elon Musk dismisses ‘founding agreement’ lawsuit against OpenAI

June 12, 2024

Bitcoin Prints 14 Green Candles Per Hour, Longest Since 2017: Will the Bull Market Continue?

January 11, 2025

GeForce NOW Celebrates 2024 with New Games and Features

December 29, 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.