This repository contains my implementation of building a Bitcoin transaction from scratch using Rust, relying only on cryptographic libraries (no high-level Bitcoin SDKs).
The purpose of this project is to understand how Bitcoin transactions work at a low level.
- Manually construct a raw Bitcoin transaction
- Handle serialization, hashing, and signing explicitly
- Understand Bitcoinโs UTXO model and script system
- Avoid high-level Bitcoin libraries and focus on core cryptography
- Bitcoin transaction inputs and outputs
- Endianness handling (little-endian vs big-endian)
- VarInt encoding
- Double SHA-256 hashing
- ECDSA signing using secp256k1
- Script creation (scriptSig, scriptPubKey)
- Raw transaction hex generation
- Language: Rust ๐ฆ
- Cryptographic Libraries:
- secp256k1 (ECDSA signing)
- sha2 (SHA-256 hashing)
- ripemd160 (HASH160)
- hex / bytes (encoding and byte handling)
No high-level Bitcoin transaction libraries were used intentionally.
- How Bitcoin transactions are structured at the byte level
- How transaction IDs (txid) are generated
- Why Bitcoin uses double SHA-256
- The role of locking and unlocking scripts
- Practical use of ECDSA signatures
- How private keys authorize spending
- Why secp256k1 is used in Bitcoin
- Public key hashing (HASH160)
- How inputs reference previous transaction outputs
- Why UTXOs must be fully spent
- How change outputs are created
- Importance of correct byte ordering
- How a single wrong byte invalidates a transaction
- Strictness of Bitcoin consensus rules
- Debugging raw transaction hex
Most tutorials rely on high-level abstractions.
This project was built to:
- Gain a deep understanding of Bitcoin internals
- Learn how wallets manually build transactions
- Practice cryptography-heavy systems programming in Rust
This project is for educational purposes only.
Do not use this code with real funds.
- SegWit transaction support
- Fee estimation logic
- P2WPKH / P2SH scripts
- Broadcasting transactions via a Bitcoin node
- Full transaction validation
Bitcoin is conceptually simple but extremely strict in implementation.
Building a transaction manually highlights the importance of cryptographic correctness.