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API to create unsigned transaction

See original GitHub issue

I’ve started using specterd for a community wallet (for the Bitcoin Beach community, the wallet will soon be open sourced) and we are starting to use specterd + bitcoind to store the majority of the funds in a multisig where the keys are shared within the community.

When there is a rebalancing need, I would like to automatically create a transaction in specterd so that the different parties could log in on the specterd server and add their signature.

Right now (AFAIU) a manual intervention is necessary to first create the transaction. That would be great to be able to automate the transaction initiation step with an API. (like a bitcoind.createpsbt() but with specter)

Having an API like this would enable the use of specterd for more complex multisig set up that is used by “multi parties”.

Issue Analytics

State:
Created 3 years ago
Comments:6 (1 by maintainers)

Top GitHub Comments

1reaction

nicolasburteycommented, Jun 8, 2021

now that the Galoy/Bitcoin Beach wallet is fully open source, here is where this would be useful: https://github.com/GaloyMoney/galoy/blob/c8f3c94486cbb77ccfee3a73c783ca982d5bfd8b/src/SpecterWallet.ts#L119

when there is a rebalancing needed from cold storage (specter) to hot storage (lnd), this would be useful to have a unsigned transaction created programmatically to initiate the coordination process of multi sig among the participants.

1reaction

ben-kaufmancommented, Jan 22, 2021

Hi, thanks for the suggestion, I think that’d make sense to have. We currently have a WIP PR to add an API for Specter, so probably after that is done we could add this functionality as well.

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