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

Corpay and BVNK launch stablecoin payments across $12 billion global network

May 13, 2026

Bitcoin falls below $80,000 as spot ETF inflows exceed $1 billion

May 7, 2026

A Year of Colocation with Beeks: Open Access to Low-Latency Transactions

May 1, 2026
Add A Comment

Comments are closed.

Recent Posts

Corpay and BVNK launch stablecoin payments across $12 billion global network

May 13, 2026

Remission Fund Opens To Compensate Victims Of The AirBit Club Fraud

May 13, 2026

The best cryptocurrencies to buy now as market decline signals the next bull market

May 13, 2026

Base58Labs Officially Launches Crypto Arbitrage Platform

May 13, 2026

Cynthia Lummis highlights the CLARITY Act’s protections for developers and law enforcement tools.

May 13, 2026

Real Assets Meet Digital Utility

May 12, 2026

Bitcoin Suisse Expands With Digital Asset License And Investment Business Act Registration Approval In Bermuda

May 12, 2026

Cantor8 Moves Deeper Into Africa’s Mobile Money Sector Via Yiksi Limited

May 12, 2026

Casper Network Publishes The Casper Manifest, A Multi-Year Roadmap To Power Regulated Real-World Assets And The Machine Economy

May 12, 2026

Bakkt switches to stablecoin infrastructure following 77% drop in Q1 revenue

May 12, 2026

$NXT Launches On OKX Boost, KuCoin, MEXC, And LBank — Bringing AI-Powered Global Entertainment To Web3

May 12, 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

Corpay and BVNK launch stablecoin payments across $12 billion global network

May 13, 2026

Remission Fund Opens To Compensate Victims Of The AirBit Club Fraud

May 13, 2026

The best cryptocurrencies to buy now as market decline signals the next bull market

May 13, 2026
Most Popular

Analyst Says Altcoin Season Will Be ‘Weak’ Going Forward

October 27, 2024

ESP: Beyond subsidies | Ethereum Foundation Blog

January 30, 2024

SHIB Burn Rate Explodes: Is the SHIB Rally Beginning?

May 31, 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.