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

Best altcoins to buy as Bitcoin struggles below $85,000 after massive liquidations

April 7, 2026

Stablecoin expansion for DeFi users

April 1, 2026

Bitmine Crypto Strategy Tracking: How much Bitcoin and Ethereum does the company hold?

March 26, 2026
Add A Comment

Comments are closed.

Recent Posts

Enhanced Secures $1M In Strategic Pre-Seed Funding To Bring Structured Yield To More Assets Onchain

April 9, 2026

Phemex TradFi Crude Oil Trading Surges 300% As Ceasefire Volatility Sparks Record Demand

April 9, 2026

Meta is using Reels’ creator tools and AI to drive deeper into social commerce.

April 9, 2026

Crypto Airdrops -How To Spot Opportunities And Maximize Rewards

April 9, 2026

SHIB & DOGE Fetch 5%: Is a Big Triangle Breakout Coming?

April 9, 2026

Cango Inc. Announces March 2026 Operational Update; Strategically Optimizing Mining Fleet And Improving Production Economics

April 9, 2026

Wirex And Utorg Bring Seamless Crypto-to-Card Spending To 2M+ Users Worldwide

April 8, 2026

Wirex and Utorg provide seamless cryptocurrency-to-card spending for over 2 million users worldwide.

April 8, 2026

Instant $BC, Auto-Staked And Paid Hourly In BCD

April 8, 2026

How L1 and L2s can build the strongest possible Ethereum

April 8, 2026

MostLogin launches anti-detection security framework to protect Web3 assets

April 8, 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

Enhanced Secures $1M In Strategic Pre-Seed Funding To Bring Structured Yield To More Assets Onchain

April 9, 2026

Phemex TradFi Crude Oil Trading Surges 300% As Ceasefire Volatility Sparks Record Demand

April 9, 2026

Meta is using Reels’ creator tools and AI to drive deeper into social commerce.

April 9, 2026
Most Popular

Find out how hedge funds used spot Bitcoin ETFs in Q2

August 16, 2024

‘Dumb money’ will miss out, analysts beware

December 31, 2023

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025
  • 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.