bsv-coinselect

An unspent transaction output (UTXO) selection module for Bitcoin SV. https://matterpool.io Originally forked from https://github.com/bitcoinjs/coinselect

Problem and Overview

Working with Unspent transaction outputs (UTXO) the developer must choose which "coins" to use for creating transactions. For instance, the developer may want to use the minimal number of UTXOs to pay all outputs at a given fee rate.

This library makes it easy to select UTXO's according different policies.

This is a client-side library only and can be used in any Javascript project. If you need to fetch UTXO's or broadcast BSV transactions then use the Filepay library at http://github.com/mattercloud/filepay which makes use of bsv-coinselect

NOTE: Force a UTXO to be selected by specifying required: true

 
const utxos = [
  {
    "address": "1CgPDEav5fdzry3V7tGADY4rHqG8oi4kfv",
    "txid": "a939afcb78a06239f02eefbfaabc6e0a78dfe3cd64f9676932cc1195796fa42f",
    "vout": 1,
    "value": 1000,
    "height": 617496,
    "confirmations": 18639,
    "scriptPubKey": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
    "script": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
    "outputIndex": 1,
    "required": true // Optional. If set, then forces use of this utxo
  },
  {
    "address": "1CgPDEav5fdzry3V7tGADY4rHqG8oi4kfv",
    "txid": "716e6b12d111984818d8c5e6d68446a52746d480d397d077cad598d55f059a65",
    "vout": 1,
    "value": 5000,
    "height": 616468,
    "confirmations": 19667,
    "scriptPubKey": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
    "script": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
    "outputIndex": 1
  },
  {
    "address": "1CgPDEav5fdzry3V7tGADY4rHqG8oi4kfv",
    "txid": "98e0987b5b5783ae083814f448f1dda52c18c881beda649c36576d0c81ee31f9",
    "vout": 1,
    "value": 10004,
    "height": 610466,
    "confirmations": 25669,
    "scriptPubKey": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
    "script": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
    "outputIndex": 1
  }
];
 
const outputs = [
  {
    script: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac',
    value: 1000,
  },
  {
    script: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac',
    value: 546,
  },
  {
    script: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac',
    value: 1000,
  },
  {
    script: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac',
    value: 10000,
  },
];
const changeScript = null; // Optional, set to arbitrary p2ph or script. Ex: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac'
const { inputs, outputs, fee } = coinSelect(utxos, outputs, 0.5, null);
// https://whatsonchain.com/tx/81576866d8c796540cfdb3f75d67d469e683fe506a0676eb2e9f9ee1876b7e1d

Sample response:

{
  fee: 232,
  inputs: [
    {
      "address": "1CgPDEav5fdzry3V7tGADY4rHqG8oi4kfv",
      "txid": "98e0987b5b5783ae083814f448f1dda52c18c881beda649c36576d0c81ee31f9",
      "vout": 1,
      "value": 10004,
      "height": 610466,
      "confirmations": 25669,
      "scriptPubKey": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
      "script": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
      "outputIndex": 1
    },
    {
      "address": "1CgPDEav5fdzry3V7tGADY4rHqG8oi4kfv",
      "txid": "716e6b12d111984818d8c5e6d68446a52746d480d397d077cad598d55f059a65",
      "vout": 1,
      "value": 5000,
      "height": 616468,
      "confirmations": 19667,
      "scriptPubKey": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
      "script": "76a914801c259a527abd83a977fd90a06b22d215fcad4988ac",
      "outputIndex": 1
    },
  ],
  "outputs": [
    {
      script: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac',
      value: 1000,
    },
    {
      script: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac',
      value: 546,
    },
    {
      script: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac',
      value: 1000,
    },
    {
      script: '76a914801c259a527abd83a977fd90a06b22d215fcad4988ac',
      value: 10000,
    },
    {
      // This is the change script. Set to 'null', 'undefined', or valid script
      // or use bsv.Transaction.changeAddress() and setting this to undefined
      script: null,
      "value": 2226
    }
  ]
};
 

Algorithms

Module	Algorithm	Re-orders UTXOs?
require('coinselect')	Accumulative - accumulates inputs until the target value (+fees) is reached, skipping
require('coinselect/accumulative')	Accumulative - accumulates inputs until the target value (+fees) is reached, skipping detrimental inputs	-

Note: Each algorithm will add a change output if the input - output - fee value difference is over a dust threshold. This is calculated independently by utils.finalize, irrespective of the algorithm chosen, for the purposes of safety.

Example

let coinSelect = require('coinselect')
let feeRate = 55 // satoshis per byte
let utxos = [
  ...,
  {
    txid: '...',
    vout: 0,
    ...,
    value: 10000,
  }
]
let targets = [
  ...,
  {
    address: '1EHNa6Q4Jz2uvNExL497mE43ikXhwF6kZm',
    value: 5000
  },
  {
    script: '....',
    value: 5000
  }
]
 
// ...
let changeScript = null; // Generates a value, but leaves 'script' null.
// Set changeScript to be the output script if you want it populated automatically
let { inputs, outputs, fee } = coinSelect(utxos, targets, feeRate, changeScript, options)
 
// the accumulated fee is always returned for analysis
// Make sure to  set changeScript = undefined OR null OR a change script.
console.log(fee)
 
// .inputs and .outputs will be undefined if no solution was found
if (!inputs || !outputs) return
 
// Create a transaction with the selected inputs
let tx = new bitcoin.Transaction().from(inputs);
// Attach each output
outputs.forEach(output => {
    const script = (new bitcoin.Script(output.script)).toString();
    tx.addOutput(new bitcoin.Transaction.Output({ script: script, satoshis: output.value }));
})
tx.change('address here');
// Go on to tx.sign()... etc

License MIT