1. What is a raw transaction on the Litecoin blockchain?
A raw transaction is a manually constructed transaction where you specify the inputs (sender’s address), outputs (recipient’s address), and any additional data or operations required for the transaction to be valid on the Litecoin blockchain.
2. How do I create a raw transaction using the Kakr LiaaS API?
To create a raw transaction, you need to send a POST request to the /api/Litecoin/Create-Raw-LTC-Transactions
endpoint. This request includes specifying the sender’s address, recipient’s address, and the amount to be sent.
3. What headers are required to create a raw transaction?
The following headers are required for the POST request:
- Content-Type:
application/json
- Authorization: Bearer
<your API key>
- Usev2: Set to
true
or yes
to specify version 2 of the API.
4. What information should be included in the request body?
The request body should contain the following parameters:
- senderAddress: The Litecoin address sending the funds.
- recipientAddress: The Litecoin address receiving the funds.
- amount: The amount of Litecoin to be sent.
5. How do I create a raw transaction using the LiaaS JavaScript SDK?
To create a raw transaction with the LiaaS SDK, use the createRawTransaction
function. Here’s an example code snippet:
javascript
const response = await liaasSdk.createRawTransaction( apiAccessKey, walletName, encryptedPassphrase, recipientAddress, amount, senderAddress );
6. What is the process for creating a raw transaction?
- Input: Specify the sender’s address and the amount of Litecoin to send.
- Output: Specify the recipient’s address and any additional data required for the transaction.
- Execution: The API or SDK will create the raw transaction and return a success message if the transaction is valid.
7. What is the purpose of a raw transaction?
A raw transaction allows developers or users to have more control over the transaction creation process, manually specifying inputs and outputs without relying on automated processes. It’s useful for advanced use cases or when greater flexibility is required.
8. Can I use Postman to create a raw transaction?
Yes, you can test the raw transaction creation by making a POST request to /api/Litecoin/Create-Raw-LTC-Transactions
with the necessary headers and request body (sender and recipient address, amount, etc.).
9. What happens after I create a raw transaction?
Once the raw transaction is created, it will be processed and validated by the Litecoin network. Upon successful validation, you will receive a confirmation that the transaction has been created and added to the blockchain.
10. Is creating a raw transaction secure?
Yes, the process is secure as it requires a valid API key for authentication and uses encrypted communication between your application and the Litecoin blockchain.