Standard Transactions

Complete examples for creating standard BSV transaction types including P2PKH, P2PK, and their variations.

Overview

BSV supports several standard transaction types that define how bitcoins are locked and unlocked. The most common is Pay-to-Public-Key-Hash (P2PKH), but understanding all standard types is essential for building robust applications. This guide covers P2PKH, P2PK (Pay-to-Public-Key), and multi-output patterns.

Related SDK Components:

• P2PKH

• Transaction

• Script

• Script Templates

P2PKH Transactions

import { Transaction, PrivateKey, P2PKH, Script } from '@bsv/sdk'

/**
 * Pay-to-Public-Key-Hash (P2PKH) Transactions
 *
 * The most common transaction type on BSV
 */
class P2PKHTransactions {
  /**
   * Create a standard P2PKH payment transaction
   */
  async createP2PKHPayment(
    senderKey: PrivateKey,
    recipientAddress: string,
    amount: number,
    utxo: {
      txid: string
      vout: number
      satoshis: number
      script: Script
    }
  ): Promise<Transaction> {
    try {
      if (amount < 546) {
        throw new Error('Amount below dust threshold (546 satoshis)')
      }

      if (amount > utxo.satoshis) {
        throw new Error('Insufficient funds in UTXO')
      }

      const tx = new Transaction()

      // Add input with P2PKH unlocking script
      tx.addInput({
        sourceTXID: utxo.txid,
        sourceOutputIndex: utxo.vout,
        unlockingScriptTemplate: new P2PKH().unlock(senderKey),
        sequence: 0xffffffff
      })

      // Add payment output with P2PKH locking script
      tx.addOutput({
        satoshis: amount,
        lockingScript: Script.fromAddress(recipientAddress)
      })

      // Calculate and add change output
      const fee = 500
      const change = utxo.satoshis - amount - fee

      if (change >= 546) {
        tx.addOutput({
          satoshis: change,
          lockingScript: new P2PKH().lock(senderKey.toPublicKey().toHash())
        })
      }

      await tx.sign()

      console.log('P2PKH payment created')
      console.log('Transaction ID:', tx.id('hex'))
      console.log('Amount:', amount)
      console.log('Recipient:', recipientAddress)

      return tx
    } catch (error) {
      throw new Error(`P2PKH payment failed: ${error.message}`)
    }
  }

  /**
   * Create P2PKH transaction with multiple recipients
   */
  async createMultiRecipientPayment(
    senderKey: PrivateKey,
    recipients: Array<{ address: string; amount: number }>,
    utxos: Array<{
      txid: string
      vout: number
      satoshis: number
      script: Script
    }>
  ): Promise<Transaction> {
    try {
      // Validate recipients
      for (const recipient of recipients) {
        if (recipient.amount < 546) {
          throw new Error(`Amount for ${recipient.address} below dust threshold`)
        }
      }

      const totalAmount = recipients.reduce((sum, r) => sum + r.amount, 0)
      const totalInput = utxos.reduce((sum, u) => sum + u.satoshis, 0)
      const fee = 500 + (utxos.length * 150) + (recipients.length * 50)

      if (totalInput < totalAmount + fee) {
        throw new Error('Insufficient funds')
      }

      const tx = new Transaction()

      // Add all inputs
      for (const utxo of utxos) {
        tx.addInput({
          sourceTXID: utxo.txid,
          sourceOutputIndex: utxo.vout,
          unlockingScriptTemplate: new P2PKH().unlock(senderKey),
          sequence: 0xffffffff
        })
      }

      // Add recipient outputs
      for (const recipient of recipients) {
        tx.addOutput({
          satoshis: recipient.amount,
          lockingScript: Script.fromAddress(recipient.address)
        })
      }

      // Add change output
      const change = totalInput - totalAmount - fee

      if (change >= 546) {
        tx.addOutput({
          satoshis: change,
          lockingScript: new P2PKH().lock(senderKey.toPublicKey().toHash())
        })
      }

      await tx.sign()

      console.log('Multi-recipient payment created')
      console.log('Recipients:', recipients.length)
      console.log('Total amount:', totalAmount)
      console.log('Transaction ID:', tx.id('hex'))

      return tx
    } catch (error) {
      throw new Error(`Multi-recipient payment failed: ${error.message}`)
    }
  }

  /**
   * Create P2PKH transaction with custom fee rate
   */
  async createWithCustomFee(
    senderKey: PrivateKey,
    recipientAddress: string,
    amount: number,
    feeRate: number, // satoshis per byte
    utxo: {
      txid: string
      vout: number
      satoshis: number
      script: Script
    }
  ): Promise<Transaction> {
    try {
      // Estimate transaction size
      const estimatedSize =
        10 + // version, locktime
        148 + // input (typical P2PKH)
        34 + // payment output
        34 // change output

      const fee = Math.ceil(estimatedSize * feeRate)

      const tx = new Transaction()

      tx.addInput({
        sourceTXID: utxo.txid,
        sourceOutputIndex: utxo.vout,
        unlockingScriptTemplate: new P2PKH().unlock(senderKey),
        sequence: 0xffffffff
      })

      tx.addOutput({
        satoshis: amount,
        lockingScript: Script.fromAddress(recipientAddress)
      })

      const change = utxo.satoshis - amount - fee

      if (change >= 546) {
        tx.addOutput({
          satoshis: change,
          lockingScript: new P2PKH().lock(senderKey.toPublicKey().toHash())
        })
      }

      await tx.sign()

      console.log('P2PKH payment with custom fee')
      console.log('Fee rate:', feeRate, 'sat/byte')
      console.log('Total fee:', fee, 'satoshis')
      console.log('Transaction ID:', tx.id('hex'))

      return tx
    } catch (error) {
      throw new Error(`Custom fee payment failed: ${error.message}`)
    }
  }
}

/**
 * Usage Example
 */
async function p2pkhExample() {
  const p2pkh = new P2PKHTransactions()
  const privateKey = PrivateKey.fromRandom()

  const utxo = {
    txid: 'funding-tx...',
    vout: 0,
    satoshis: 100000,
    script: new P2PKH().lock(privateKey.toPublicKey().toHash())
  }

  // Simple payment
  const tx1 = await p2pkh.createP2PKHPayment(
    privateKey,
    '1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa',
    50000,
    utxo
  )

  // Multi-recipient payment
  const tx2 = await p2pkh.createMultiRecipientPayment(
    privateKey,
    [
      { address: '1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa', amount: 10000 },
      { address: '1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2', amount: 20000 }
    ],
    [utxo]
  )
}

P2PK Transactions

import { Transaction, PrivateKey, PublicKey, Script, OP } from '@bsv/sdk'

/**
 * Pay-to-Public-Key (P2PK) Transactions
 *
 * Original transaction type where coins are sent directly to a public key
 */
class P2PKTransactions {
  /**
   * Create P2PK locking script
   */
  createP2PKLockingScript(publicKey: PublicKey): Script {
    const script = new Script()

    // Format: <pubKey> OP_CHECKSIG
    script.writeBin(publicKey.encode())
    script.writeOpCode(OP.OP_CHECKSIG)

    return script
  }

  /**
   * Create P2PK unlocking script
   */
  createP2PKUnlockingScript(signature: Buffer): Script {
    const script = new Script()

    // Format: <signature>
    script.writeBin(signature)

    return script
  }

  /**
   * Create a P2PK payment transaction
   */
  async createP2PKPayment(
    senderKey: PrivateKey,
    recipientPubKey: PublicKey,
    amount: number,
    utxo: {
      txid: string
      vout: number
      satoshis: number
      script: Script
    }
  ): Promise<Transaction> {
    try {
      const tx = new Transaction()

      // Add input (assuming input is P2PKH)
      tx.addInput({
        sourceTXID: utxo.txid,
        sourceOutputIndex: utxo.vout,
        unlockingScriptTemplate: new P2PKH().unlock(senderKey),
        sequence: 0xffffffff
      })

      // Add P2PK output
      tx.addOutput({
        satoshis: amount,
        lockingScript: this.createP2PKLockingScript(recipientPubKey)
      })

      // Add change output (P2PKH)
      const fee = 500
      const change = utxo.satoshis - amount - fee

      if (change >= 546) {
        tx.addOutput({
          satoshis: change,
          lockingScript: new P2PKH().lock(senderKey.toPublicKey().toHash())
        })
      }

      await tx.sign()

      console.log('P2PK payment created')
      console.log('Transaction ID:', tx.id('hex'))
      console.log('Recipient pubkey:', recipientPubKey.toHex())

      return tx
    } catch (error) {
      throw new Error(`P2PK payment failed: ${error.message}`)
    }
  }

  /**
   * Spend from P2PK output
   */
  async spendP2PKOutput(
    recipientKey: PrivateKey,
    p2pkUTXO: {
      txid: string
      vout: number
      satoshis: number
      lockingScript: Script
    },
    toAddress: string,
    amount: number
  ): Promise<Transaction> {
    try {
      const tx = new Transaction()

      // Add P2PK input (initially without unlocking script)
      tx.addInput({
        sourceTXID: p2pkUTXO.txid,
        sourceOutputIndex: p2pkUTXO.vout,
        unlockingScript: new Script(),
        sequence: 0xffffffff
      })

      // Add payment output
      tx.addOutput({
        satoshis: amount,
        lockingScript: Script.fromAddress(toAddress)
      })

      // Add change
      const fee = 500
      const change = p2pkUTXO.satoshis - amount - fee

      if (change >= 546) {
        tx.addOutput({
          satoshis: change,
          lockingScript: new P2PKH().lock(recipientKey.toPublicKey().toHash())
        })
      }

      // Create signature for P2PK input
      const preimage = tx.inputs[0].getPreimage(p2pkUTXO.lockingScript)
      const signature = recipientKey.sign(preimage)

      // Set unlocking script
      tx.inputs[0].unlockingScript = this.createP2PKUnlockingScript(
        signature.toDER()
      )

      console.log('P2PK output spent')
      console.log('Transaction ID:', tx.id('hex'))

      return tx
    } catch (error) {
      throw new Error(`P2PK spend failed: ${error.message}`)
    }
  }

  /**
   * Convert P2PK to P2PKH
   *
   * Spend a P2PK output and send to a P2PKH address
   */
  async convertP2PKtoP2PKH(
    ownerKey: PrivateKey,
    p2pkUTXO: {
      txid: string
      vout: number
      satoshis: number
      lockingScript: Script
    },
    targetAddress: string
  ): Promise<Transaction> {
    try {
      const amount = p2pkUTXO.satoshis - 500 // subtract fee

      const tx = await this.spendP2PKOutput(
        ownerKey,
        p2pkUTXO,
        targetAddress,
        amount
      )

      console.log('Converted P2PK to P2PKH')
      console.log('Target address:', targetAddress)

      return tx
    } catch (error) {
      throw new Error(`Conversion failed: ${error.message}`)
    }
  }
}

/**
 * Usage Example
 */
async function p2pkExample() {
  const p2pk = new P2PKTransactions()

  const sender = PrivateKey.fromRandom()
  const recipient = PrivateKey.fromRandom()

  const utxo = {
    txid: 'funding-tx...',
    vout: 0,
    satoshis: 100000,
    script: new P2PKH().lock(sender.toPublicKey().toHash())
  }

  // Create P2PK payment
  const tx = await p2pk.createP2PKPayment(
    sender,
    recipient.toPublicKey(),
    50000,
    utxo
  )

  // Later, spend the P2PK output
  const p2pkUTXO = {
    txid: tx.id('hex'),
    vout: 0,
    satoshis: 50000,
    lockingScript: p2pk.createP2PKLockingScript(recipient.toPublicKey())
  }

  await p2pk.spendP2PKOutput(
    recipient,
    p2pkUTXO,
    '1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa',
    49000
  )
}

Transaction Templates

import { Transaction, PrivateKey, P2PKH, Script } from '@bsv/sdk'

/**
 * Standard Transaction Templates
 *
 * Reusable templates for common transaction patterns
 */
class TransactionTemplates {
  /**
   * Simple send template
   */
  async simpleSend(params: {
    senderKey: PrivateKey
    recipientAddress: string
    amount: number
    utxo: {
      txid: string
      vout: number
      satoshis: number
      script: Script
    }
  }): Promise<Transaction> {
    const tx = new Transaction()

    tx.addInput({
      sourceTXID: params.utxo.txid,
      sourceOutputIndex: params.utxo.vout,
      unlockingScriptTemplate: new P2PKH().unlock(params.senderKey),
      sequence: 0xffffffff
    })

    tx.addOutput({
      satoshis: params.amount,
      lockingScript: Script.fromAddress(params.recipientAddress)
    })

    const fee = 500
    const change = params.utxo.satoshis - params.amount - fee

    if (change >= 546) {
      tx.addOutput({
        satoshis: change,
        lockingScript: new P2PKH().lock(params.senderKey.toPublicKey().toHash())
      })
    }

    await tx.sign()
    return tx
  }

  /**
   * Consolidation template
   *
   * Combine multiple UTXOs into one
   */
  async consolidate(params: {
    ownerKey: PrivateKey
    utxos: Array<{
      txid: string
      vout: number
      satoshis: number
      script: Script
    }>
    targetAddress?: string
  }): Promise<Transaction> {
    const tx = new Transaction()

    // Add all UTXOs as inputs
    for (const utxo of params.utxos) {
      tx.addInput({
        sourceTXID: utxo.txid,
        sourceOutputIndex: utxo.vout,
        unlockingScriptTemplate: new P2PKH().unlock(params.ownerKey),
        sequence: 0xffffffff
      })
    }

    // Calculate total
    const total = params.utxos.reduce((sum, u) => sum + u.satoshis, 0)
    const fee = 500 + (params.utxos.length * 150)
    const outputAmount = total - fee

    // Create single output
    const targetScript = params.targetAddress
      ? Script.fromAddress(params.targetAddress)
      : new P2PKH().lock(params.ownerKey.toPublicKey().toHash())

    tx.addOutput({
      satoshis: outputAmount,
      lockingScript: targetScript
    })

    await tx.sign()

    console.log('Consolidated', params.utxos.length, 'UTXOs')
    console.log('Output amount:', outputAmount)

    return tx
  }

  /**
   * Split template
   *
   * Split one UTXO into multiple equal outputs
   */
  async split(params: {
    ownerKey: PrivateKey
    utxo: {
      txid: string
      vout: number
      satoshis: number
      script: Script
    }
    numOutputs: number
  }): Promise<Transaction> {
    const tx = new Transaction()

    tx.addInput({
      sourceTXID: params.utxo.txid,
      sourceOutputIndex: params.utxo.vout,
      unlockingScriptTemplate: new P2PKH().unlock(params.ownerKey),
      sequence: 0xffffffff
    })

    // Calculate amount per output
    const fee = 500 + (params.numOutputs * 50)
    const amountPerOutput = Math.floor(
      (params.utxo.satoshis - fee) / params.numOutputs
    )

    if (amountPerOutput < 546) {
      throw new Error('Split would create dust outputs')
    }

    // Create equal outputs
    const lockingScript = new P2PKH().lock(params.ownerKey.toPublicKey().toHash())

    for (let i = 0; i < params.numOutputs; i++) {
      tx.addOutput({
        satoshis: amountPerOutput,
        lockingScript
      })
    }

    await tx.sign()

    console.log('Split into', params.numOutputs, 'outputs')
    console.log('Amount per output:', amountPerOutput)

    return tx
  }

  /**
   * Sweep template
   *
   * Send all funds from multiple UTXOs to a destination
   */
  async sweep(params: {
    sourceKey: PrivateKey
    destinationAddress: string
    utxos: Array<{
      txid: string
      vout: number
      satoshis: number
      script: Script
    }>
  }): Promise<Transaction> {
    const tx = new Transaction()

    // Add all inputs
    for (const utxo of params.utxos) {
      tx.addInput({
        sourceTXID: utxo.txid,
        sourceOutputIndex: utxo.vout,
        unlockingScriptTemplate: new P2PKH().unlock(params.sourceKey),
        sequence: 0xffffffff
      })
    }

    // Calculate total and send everything
    const total = params.utxos.reduce((sum, u) => sum + u.satoshis, 0)
    const fee = 500 + (params.utxos.length * 150)
    const sweepAmount = total - fee

    tx.addOutput({
      satoshis: sweepAmount,
      lockingScript: Script.fromAddress(params.destinationAddress)
    })

    await tx.sign()

    console.log('Swept', params.utxos.length, 'UTXOs')
    console.log('Total swept:', sweepAmount)
    console.log('Destination:', params.destinationAddress)

    return tx
  }
}

/**
 * Usage Example
 */
async function templatesExample() {
  const templates = new TransactionTemplates()
  const privateKey = PrivateKey.fromRandom()

  const utxo = {
    txid: 'funding-tx...',
    vout: 0,
    satoshis: 100000,
    script: new P2PKH().lock(privateKey.toPublicKey().toHash())
  }

  // Simple send
  await templates.simpleSend({
    senderKey: privateKey,
    recipientAddress: '1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa',
    amount: 50000,
    utxo
  })

  // Split UTXO
  await templates.split({
    ownerKey: privateKey,
    utxo,
    numOutputs: 5
  })
}

Address Validation and Conversion

import { PrivateKey, PublicKey, Script, P2PKH } from '@bsv/sdk'

/**
 * Address Utilities
 *
 * Validate and convert between different address formats
 */
class AddressUtilities {
  /**
   * Validate BSV address
   */
  validateAddress(address: string): {
    valid: boolean
    network: 'mainnet' | 'testnet' | 'unknown'
    type: 'P2PKH' | 'P2SH' | 'unknown'
    error?: string
  } {
    try {
      // Try to create a script from the address
      Script.fromAddress(address)

      // Check address prefix
      const prefix = address.charAt(0)
      let network: 'mainnet' | 'testnet' | 'unknown' = 'unknown'
      let type: 'P2PKH' | 'P2SH' | 'unknown' = 'unknown'

      if (prefix === '1') {
        network = 'mainnet'
        type = 'P2PKH'
      } else if (prefix === '3') {
        network = 'mainnet'
        type = 'P2SH'
      } else if (prefix === 'm' || prefix === 'n') {
        network = 'testnet'
        type = 'P2PKH'
      } else if (prefix === '2') {
        network = 'testnet'
        type = 'P2SH'
      }

      return {
        valid: true,
        network,
        type
      }
    } catch (error) {
      return {
        valid: false,
        network: 'unknown',
        type: 'unknown',
        error: error.message
      }
    }
  }

  /**
   * Get address from private key
   */
  getAddressFromPrivateKey(privateKey: PrivateKey): string {
    return privateKey.toPublicKey().toAddress()
  }

  /**
   * Get address from public key
   */
  getAddressFromPublicKey(publicKey: PublicKey): string {
    return publicKey.toAddress()
  }

  /**
   * Get script from address
   */
  getScriptFromAddress(address: string): Script {
    return Script.fromAddress(address)
  }

  /**
   * Compare two addresses
   */
  compareAddresses(address1: string, address2: string): boolean {
    try {
      const script1 = Script.fromAddress(address1)
      const script2 = Script.fromAddress(address2)
      return script1.toHex() === script2.toHex()
    } catch {
      return false
    }
  }
}

/**
 * Usage Example
 */
function addressUtilitiesExample() {
  const utils = new AddressUtilities()

  // Validate addresses
  const validation1 = utils.validateAddress('1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa')
  console.log('Validation:', validation1)

  // Generate address
  const privateKey = PrivateKey.fromRandom()
  const address = utils.getAddressFromPrivateKey(privateKey)
  console.log('Generated address:', address)

  // Compare addresses
  const same = utils.compareAddresses(address, address)
  console.log('Addresses match:', same)
}

Related Examples

• P2PKH Template

• Transaction Building

• UTXO Management

See Also

SDK Components:

• P2PKH - P2PKH script template

• Transaction - Transaction building

• Script - Script operations

• Script Templates - Template system

Learning Paths:

• First Transaction

• Transaction Types