@ClearSky 19 September 2021 edited

Create an address and send transactions on SmartBCH using Python Web3

In my last article about basic usage of SmartBCH with Python I've talked about how to get some general info from the block chain like current block number, block data, balance and transaction info. In this article I will explain how to create an account/address with private and public key/address so we can send and receive transactions. https://read.cash/@ClearSky/basic-use-of-smartbch-with-python-web3py-663aa53f Generate an Address To generate an address, it's similar to how you do it on Ethereum. We here uses the `eth_account` lib. >>> from eth_account import Account >>> import secrets >>> priv = secrets.token_hex(32) >>> private_key = "0x" + priv >>> print ("SAVE BUT DO NOT SHARE THIS:", private_key) SAVE BUT DO NOT SHARE THIS: 0x27bf4f3060b0f5d8350153a1fcfe88d840b7e1855b2a5904a9916d82697f26e1 >>> acct = Account.from_key(private_key) >>> print("Address:", acct.address) Address: 0xdc9850d0A682dA74B397c9cd2C316DF601Ac14B4 After importing the lib, we generated random private key using `secrets.token_hex(32)` and added the `0x` prefix, then we extracted they public address using `Account.from_key(private_key)` function. Keep the private key safe, anyone who hold it can spend any amount in your balance, we will use it later to spend. For more info check Generating an Ethereum address in Python . https://www.quicknode.com/guides/web3-sdks/how-to-generate-a-new-ethereum-address-in-python Get some test coins Head to the SmartBCH documentation about testnet. You should find a link for a faucet where you can get testnet coins, it could be used to preform tests on the testnet but has no value. https://docs.smartbch.org/smartbch/testnets#the-amber-testnet http://34.92.246.27:8080/faucet

Let us check if the faucet have sent us coins to our newly created address, we first connect to the testnet work network: w3 = Web3(Web3.HTTPProvider('http://35.220.203.194:8545')) Then we ask for balance: >>> w3.eth.get_balance('0xdc9850d0A682dA74B397c9cd2C316DF601Ac14B4') 100000000000000000 It gives results in wei, we convert it to something easier to understand: >>> balance = w3.eth.get_balance('0xdc9850d0A682dA74B397c9cd2C316DF601Ac14B4') >>> w3.fromWei(balance, 'ether') 0.1 Now it shows 0.1 sBCH (BCH on SmartBCH), we used ether as the library was designed to deal with Ethereum net. Preparing a Transaction We need an address to send too. You can duplicate the steps in the Generate address section to get a new one or you can chose another address from another source. My new address is: `0x1E61A61C76a22172619B33547F6e1bd1E755cc13` To sign we provide the key to our account that has the fund from the faucet: private_key = 0x27bf4f3060b0f5d8350153a1fcfe88d840b7e1855b2a5904a9916d82697f26e1 Then we create the transaction, if you are sending for the first time this should work. transaction = { 'to': '0x1E61A61C76a22172619B33547F6e1bd1E755cc13', 'value': 10, 'gas': 26038, 'gasPrice': 1050000000, 'nonce': 0, 'chainId': 10001 } **to**: the receiving address apparently . **value**: the amount we want to send in wei. **gas**: number of weis required by the network. **gas** price: gas price required by the network in wei. **nonce**: the number of transactions sent from this address. **chainId**: the ID of the chain you are connected to. For SmartBCH you can set gas to `26038` and gasPrice to `1050000000` for BCH transfer. Gas is the fee paid to the network. **Get the Nonce** Nonce will change with each transaction from the account. You can get the current nonce w3.eth.getTransactionCount('0xdc9850d0A682dA74B397c9cd2C316DF601Ac14B4') 0 **Get the ChainID** If you don't know the ChainID for smartBCH you can get it using this: >>> w3.eth.chainId 10001 Signing a Transaction After we got all the right details and set up our `private_key` and `transaction` variable we can no use them to sign a transaction. signed = w3.eth.account.sign_transaction(transaction, private_key) Sending the Raw Transaction Now in `singed` we have the raw transaction that we can send to the network. let us do it: w3.eth.send_raw_transaction(signed.rawTransaction) HexBytes('0xd13634b0390c483e99595806cdfdad2249059dcdead673aae1926baf8e8f3e18') Our transaction have passed and we got the transaction ID. Congratulation! Sending more transaction, nonce Now if we want to send more transaction the previous `transaction` data wouldn't work. We have to update the **nonce** number. So our second transaction would have the nonce field changed from 0 to 1. transaction = { 'to': '0x1E61A61C76a22172619B33547F6e1bd1E755cc13', 'value': 10, 'gas': 26038, 'gasPrice': 1050000000, 'nonce': 1, 'chainId': 10001 } then we can run the signing and broadcasting again: signed = w3.eth.account.sign_transaction(transaction, private_key) w3.eth.send_raw_transaction(signed.rawTransaction) Notes SmartBCH is a very interesting subject. I love the UTXO system for it's privacy, for ease of control of funds in different address belonging to one key and for the capability of using a post office to pay the fee of a token from a different wallet. In BCH's SmartBCH we got benefits from both system. In my last article I got a great support form community who encouraged me to go further and write this article not so long after my previous one. Thank you.