If you're new to developing with Bitcoin and React Native, this guide will help you get started with coding your own Bitcoin wallet. Below, you'll find solutions for important functions such as creating wallets, generating addresses, syncing with the blockchain, and handling transactions. Try implementing these functions on your own before checking the solutions. Remember, coding is a flexible process, and there may be multiple ways to achieve the same result.
This function creates a new wallet using a mnemonic:
const createWallet = async () => {
try {
_loading(true); // Set loading state to true to show loading UI
const mnemonic = await new Mnemonic().fromString(mnemonicString); // Create wallet mnemonic from string
const wallet = await Wallet.new({
mnemonic, // Use mnemonic to generate wallet
network: networkString, // Network type (e.g., mainnet or testnet)
databaseConfig: DatabaseConfig.memory(), // Use in-memory storage for testing
});
console.log('Wallet created successfully:', wallet); // Log success
_loading(false); // Stop loading once the wallet is created
} catch (err) {
console.log('Wallet creation error:', err); // Handle errors during wallet creation
_loading(false); // Stop loading if an error occurs
}
};
This function retrieves the current balance of the wallet:
const getWalletBalance = async () => {
try {
_loading(true); // Show loading UI
const balance = await wallet.getBalance(); // Retrieve the balance of the wallet
console.log('Wallet balance:', balance); // Log the balance for reference
_loading(false); // Hide loading UI
} catch (err) {
console.log('Error fetching wallet balance:', err); // Handle errors in fetching balance
_loading(false); // Hide loading UI on error
}
};
This function generates a new Bitcoin receiving address from the wallet:
const getNewAddress = async () => {
try {
_loading(true); // Show loading UI
const address = await wallet.getAddress(AddressIndex.NEW); // Generate a new unused address
console.log('New Address:', address); // Log the new address for receiving funds
_loading(false); // Hide loading UI
} catch (err) {
console.log('Error generating new address:', err); // Handle errors in address generation
_loading(false); // Hide loading UI on error
}
};
This function synchronizes the wallet with the blockchain:
const syncWallet = async () => {
try {
_loading(true); // Show loading UI
let blockchain = new BlockchainElectrumConfig({url: 'electrum_url'}); // Create Electrum blockchain config
await blockchain.sync(); // Sync the wallet with the blockchain
console.log('Wallet synchronized with the blockchain'); // Log successful sync
_loading(false); // Hide loading UI
} catch (err) {
console.log(err); // Handle sync errors
_loading(false); // Hide loading UI on error
}
};
This function handles sending Bitcoin to a specified address:
const pay = async (
invoice,
amountSat,
satPerVbyte = null,
absoluteFeeSat = null,
) => {
try {
_loading(true); // Show loading UI
const address = await Address.create(invoice); // Convert the address string to a Bitcoin Address object
const script = await address.scriptPubKey(); // Get the scriptPubKey for locking funds to the address
const txBuilder = new TxBuilder(); // Initialize a new transaction builder
txBuilder.addRecipient(script, amountSat); // Add recipient and amount
// Set the transaction fee
if (satPerVbyte) {
txBuilder.feeRate(satPerVbyte); // Set fee rate per vbyte
} else if (absoluteFeeSat) {
txBuilder.feeAbsolute(absoluteFeeSat); // Set absolute fee
}
txBuilder.enableRbf(); // Enable Replace-By-Fee (RBF)
const txBuilderResult = await txBuilder.finish(wallet); // Finalize transaction
const signedTx = await wallet.sign(txBuilderResult.psbt); // Sign the transaction
const tx = await signedTx.extractTx(); // Extract finalized transaction
await blockchain.broadcast(tx); // Broadcast transaction to the blockchain
console.log('Transaction successful:', tx.txid()); // Log transaction ID
_loading(false); // Hide loading UI
} catch (err) {
console.log('Error sending payment:', err); // Handle errors during transaction
_loading(false); // Hide loading UI on error
}
};
This function generates a new mnemonic for the wallet:
const genMnemonic = async () => {
try {
_loading(true); // Show loading indicator
let seed = await Mnemonic.create(); // Generate a new Bitcoin mnemonic (seed phrase)
_responseText(seed.value); // Store or display the generated seed
_loading(false); // Hide loading indicator
} catch (err) {
_loading(false); // Hide loading indicator in case of error
}
};
This function retrieves the extended private key (XPRV):
const getXprv = async () => {
try {
_seedModal(false); // Close seed modal
_loading(true); // Show loading indicator
let res = await BdkRn.createExtendedKey({
network: 'testnet',
mnemonic,
password: '',
});
_responseText(JSON.stringify(res.value)); // Display the extended private key (XPRV)
_loading(false); // Hide loading indicator
} catch (err) {
_loading(false); // Hide loading indicator in case of error
}
};
This function initializes the blockchain instance:
const initBlockChain = async () => {
try {
_loading(true); // Show loading indicator
let config: BlockchainRpcConfig = {
url: 'http://127.0.0.1:18443',
network: networkString,
walletName: 'w1',
authUserPass: {username: 'polaruser', password: 'polarpass'},
syncParams: {
startScriptCount: 15,
startTime: 15,
forceStartTime: true,
pollRateSec: 120,
},
};
setBlockchain(await blockchainInstance.create(config, BlockChainNames.Rpc)); // Initialize blockchain instance
const height = await blockchain.getHeight(); // Retrieve the current block height
const hash = await blockchain.getBlockHash(height); // Retrieve the block hash for the current height
_response(`Height: ${height},
Hash: ${hash}`); // Display the blockchain height and hash
_loading(false); // Hide loading indicator
} catch (e) {
console.log('RPC error', e); // Log any RPC error
_loading(false); // Hide loading indicator in case of error
}
};
This function signs a Bitcoin transaction using the private key:
const signTransaction = async () => {
try {
_loading(true); // Show loading indicator
let psbt = PartiallySignedTransaction.fromBase64(psbtString); // Create PSBT from base64 string
// Create the secret key from the mnemonic
let mnemonic = await new Mnemonic().fromString(mnemonicString);
const descSecretKeyObj = new DescriptorSecretKey();
let xprv = await descSecretKeyObj.create(networkString, mnemonic);
// Sign the transaction with the private key
let signedTx = await psbt.sign(xprv, signOptions);
console.log('Signed Transaction:', await signedTx.toBase64()); // Log the signed transaction
_loading(false); // Hide loading indicator
} catch (err) {
console.log(err); // Log any error that occurs during signing
_loading(false); // Hide loading indicator in case of error
}
};
This function broadcasts a signed Bitcoin transaction to the network:
const broadcastTransaction = async () => {
try {
_loading(true); // Show loading indicator
let tx = Transaction.fromBase64(psbtString); // Convert PSBT from base64 to Transaction object
await blockchain.broadcast(tx); // Broadcast transaction to the Bitcoin network
console.log('Transaction broadcasted successfully'); // Log success message
_loading(false); // Hide loading indicator
} catch (err) {
console.log(err); // Log any error that occurs during broadcast
_loading(false); // Hide loading indicator in case of error
}
};