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

Bitcoin price falls below $77,000 and ETF sales exceed $1 billion.

May 19, 2026

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
Add A Comment

Comments are closed.

Recent Posts

Coins.ph adds Bitcoin and Ethereum to QR payments in the Philippines

May 23, 2026

Bitcoin tests critical $76K support as geopolitical fears rattle cryptocurrency markets

May 23, 2026

DeFi hacks shake institutional trust as risks outpace returns.

May 23, 2026

OKX expands into oil markets with ICE benchmark futures

May 22, 2026

Can the NEAR price recoup $3 as the Golden Cross approaches?

May 22, 2026

BC.GAME Updates $BC White Paper, Revealing New Details On Token Utility And Burn Mechanism

May 22, 2026

Increased Leverage Exposure for Ethereum Traders: Liquidity Returns to Binance Futures Market

May 22, 2026

These three Bitcoin charts say BTC price will recover to $82,000.

May 22, 2026

Nexpace Announces NXPC Buyback Program To Reinforce User-Centered Ecosystem Growth In MapleStory Universe

May 22, 2026

ORBS) Reports Total Holdings Of Approximately $337 Million, Includes OpenAI, Beast Industries, More Than 11,000 ETH And Over 283 Million WLD Tokens

May 21, 2026

Bybit Launches SPCXUSDT Pre-IPO Perpetual Contract With Up To 10x Leverage Ahead Of SpaceX’s Blockbuster IPO

May 21, 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

Coins.ph adds Bitcoin and Ethereum to QR payments in the Philippines

May 23, 2026

Bitcoin tests critical $76K support as geopolitical fears rattle cryptocurrency markets

May 23, 2026

DeFi hacks shake institutional trust as risks outpace returns.

May 23, 2026
Most Popular

XRP price next $5? 3 Charts Suggest Historic Rally Isn’t Over Yet

December 9, 2024

Fidelity’s Spot Ether ETF appears under the FETH ticker on DTCC.

May 30, 2024

Bitfinex Alpha | BTC Soars, But Be Careful What You Wish For

December 5, 2023
  • 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.