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OP_EQUALVERIFY OP_CHECKSIG", "hex" : "76a91407bdb518fa2e6089fd810235cf1100c9c13d1fd288ac", "reqSigs" : 1, "type" : "pubkeyhash", "addresses" : [ "1hvzSofGwT8cjb8JU7nBsCSfEVQX5u9CL" ] }, "version" : 1, "coinbase" : false } What we see above is the output that assigned 50 millibits to our address 1hvz.... To spend this output we will create a new transaction. First, let’s make an address to which we will send the money: $ bitcoin-cli getnewaddress 1LnfTndy3qzXGN19Jwscj1T8LR3MVe3JDb We will send 25 millibits to the new address 1LnfTn... we just created in our wallet. In our new transaction, we will spend the 50 millibit output and send 25 millibits to this new address. Because we have to spend the whole output from the previous transaction, we must also generate some change. We will generate change back to the 1hvz... address, sending the change back to the address from which the value originated. Finally, we will also have to pay a fee for this transaction. To pay the fee, we will reduce the change output by 0.5 millibits, and return 24.5 millibits in change. The difference between the sum of the new outputs (25mBTC + 24.5mBTC = 49.5mBTC) and the input (50mBTC) will be collected as a transaction fee by the miners. We use the createrawtransaction to create the transaction described above. As pa‐ rameters to createrawtransaction we provide the transaction input (the 50 millibit unspent output from our confirmed transaction) and the two transaction outputs (money sent to the new address and change sent back to the previous address): $ bitcoin-cli createrawtransaction \ '[{"txid" : "9ca8f969bd3ef5ec2a8685660fdbf7a8bd365524c2e1fc66c309acbae2c14ae3", "vout" : 0}]' \ '{"1LnfTndy3qzXGN19Jwscj1T8LR3MVe3JDb": 0.025, \ "1hvzSofGwT8cjb8JU7nBsCSfEVQX5u9CL": 0.0245}' 0100000001e34ac1e2baac09c366fce1c2245536bda8f7db0f6685862aecf53ebd69f9a89c\ 0000000000ffffffff02a0252600000000001976a914d90d36e98f62968d2bc9bbd6810756\ 4a156a9bcf88ac50622500000000001976a91407bdb518fa2e6089fd810235cf1100c9c13d\ 1fd288ac00000000 The createrawtransaction command produces a raw hex string that encodes the transaction details we supplied. Let’s confirm everything is correct by decoding this raw string using the decoderawtransaction command: $ bitcoin-cli decoderawtransaction \ 0100000001e34ac1e2baac09c366fce1c2245536bda8f7db0f6685862aecf53ebd69f9a89c\ Using Bitcoin Core’s JSON-RPC API from the command line | 51PDF Image | Mastering Bitcoin
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