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

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

May 19, 2026

Videos and Podcasts | Vault 12

May 19, 2026

Swan Bitcoin faces nearly $1 billion lawsuit related to Prime Trust transfers

May 19, 2026

$100/Month In Bitcoin Since 2015 Would Have Turned $13,700 Into $632,000, Coinbird Analysis Shows

May 19, 2026

MEXC Reports Sharp Surge In TradFi Futures Trading Volume In April, Led By 1,600% Jump In INTC

May 19, 2026

Urban Run” Game With Up To 1 BTC In Rewards

May 19, 2026

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.28 Million Tokens, And Total Crypto And Total Cash Holdings Of $12.6 Billion

May 18, 2026

How to Bet Safely with Crypto: The Most Trusted Licensed Sportsbook

May 18, 2026

Lock.com Enters Early Access With Isolated Signing And Post-Quantum Architecture

May 18, 2026

1win Crypto Tournaments Go Global With Up To 200K USDT In Rewards

May 18, 2026

Ethereum Triangle Breakdown Adds Pressure to Recovery Prospects

May 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

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

May 19, 2026

Videos and Podcasts | Vault 12

May 19, 2026

Swan Bitcoin faces nearly $1 billion lawsuit related to Prime Trust transfers

May 19, 2026
Most Popular

The future of digital currency revealed: How TorCoin is revolutionizing the cryptocurrency market – The Defi Info

February 2, 2024

Aerodrome dominates DeFi on Base with over $1 billion in deposits.

October 3, 2024

SHIB CEO Praises Dogecoin Game Updates Ahead of P2E Launch

August 14, 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.