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

Do you have at least 10,000 XRP? An expert reveals what this means for you.

January 19, 2026

4 triggers for Q1 2026 that could push prices above $8

January 13, 2026

Bitcoin price plummets to $90,000 as New Year bounce falters

January 7, 2026
Add A Comment

Comments are closed.

Recent Posts

Pendle Announces Token Upgrade As Its DeFi Yield Platform Scales

January 20, 2026

Up To 5.2% APY With Instant Access

January 20, 2026

Hong Kong group warns SFC’s ‘hard start’ could throw cryptocurrency companies into chaos

January 20, 2026

XRP ETF Trading Volume Reaches Record High XRP Holders Can Earn Up to USD 9,000 per Day

January 20, 2026

Do you have at least 10,000 XRP? An expert reveals what this means for you.

January 19, 2026

DeadLock ransomware exploits the Polygon blockchain to silently spin up proxy servers.

January 19, 2026

3-Wave Correction Sets XRP Price on Bearish Course

January 19, 2026

Husky Inu AI (HINU) was set at $0.00025441, sending the cryptocurrency market trading slightly lower and the spot Bitcoin ETF posting its strongest week since October.

January 19, 2026

Cardano price has hit a supply wall near $0.40. Can the ADA maintain support?

January 18, 2026

Hegota Upgrade EIP Proposal Schedule

January 18, 2026

XRP chart indicates a bullish divergence signal. Ripple aims to reignite market confidence and usher in a new altcoin cycle.

January 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

Pendle Announces Token Upgrade As Its DeFi Yield Platform Scales

January 20, 2026

Up To 5.2% APY With Instant Access

January 20, 2026

Hong Kong group warns SFC’s ‘hard start’ could throw cryptocurrency companies into chaos

January 20, 2026
Most Popular

Binance Delists TUSD from Cross and Isolated Margin Trading

July 12, 2024

Bitcoin Analysis Warns That BTC Price Liquidation Will Begin Below $64,000

July 31, 2024

SEI what? Token Rule Top 100 Listed with 80% Rally

January 4, 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.