diff --git a/lib/bcoin.js b/lib/bcoin.js
index a2ff4f6e..f12b9b09 100644
--- a/lib/bcoin.js
+++ b/lib/bcoin.js
@@ -3,4 +3,5 @@ var elliptic = require('elliptic');
 
 bcoin.ecdsa = elliptic.ecdsa(elliptic.nist.secp256k1);
 bcoin.utils = require('./bcoin/utils');
+bcoin.protocol = require('./bcoin/protocol');
 bcoin.wallet = require('./bcoin/wallet');
diff --git a/lib/bcoin/protocol/framer.js b/lib/bcoin/protocol/framer.js
index 66e53a7e..f453126d 100644
--- a/lib/bcoin/protocol/framer.js
+++ b/lib/bcoin/protocol/framer.js
@@ -4,12 +4,12 @@ var bcoin = require('../../bcoin');
 var constants = require('./constants');
 var utils = bcoin.utils;
 
-function Framer(peer) {
-  if (!(this instanceof Framer))
-    return new Framer(peer);
+var writeU32 = utils.writeU32;
+var writeAscii = utils.writeAscii;
 
-  this.peer = peer;
-  this.network = peer.network;
+function Framer() {
+  if (!(this instanceof Framer))
+    return new Framer();
 }
 module.exports = Framer;
 
@@ -17,64 +17,69 @@ Framer.prototype.header = function header(cmd, payload) {
   assert(cmd.length < 12);
   assert(payload.length <= 0xffffffff);
 
-  var h = new Buffer(24);
+  var h = new Array(24);
 
   // Magic value
-  h.writeUInt32LE(constants.magic, 0, true);
+  writeU32(h, constants.magic, 0);
 
   // Command
-  var len = h.write(cmd, 4);
+  var len = writeAscii(h, cmd, 4);
   for (var i = 4 + len; i < 4 + 12; i++)
     h[i] = 0;
 
   // Payload length
-  h.writeUInt32LE(payload.length, 16, true);
+  writeU32(h, payload.length, 16);
 
   // Checksum
-  h.writeUInt32LE(utils.checksum(payload), 20, true);
+  utils.copy(utils.checksum(payload), h, 20);
 
   return h;
 };
 
 Framer.prototype.packet = function packet(cmd, payload) {
   var h = this.header('version', payload);
-  return Buffer.concat([ h, payload ], h.length + payload.length);
+  return h.concat(payload);
 };
 
-Framer.prototype._addr = function addr(buf, off, addr) {
+Framer.prototype._addr = function addr(buf, off) {
+  writeU32(buf, 1, off);
+  writeU32(buf, 0, off + 4);
+  writeU32(buf, 0, off + 8);
+  writeU32(buf, 0, off + 12);
+  writeU32(buf, 0xffff0000, off + 16);
+  writeU32(buf, 0, off + 20);
+  buf[off + 24] = 0;
+  buf[off + 25] = 0;
 };
 
 Framer.prototype.version = function version() {
-  var local = this.network.externalAddr;
-  var remote = this.peer.addr;
-
-  var p = new Buffer(86);
+  var p = new Array(86);
 
   // Version
-  p.writeUInt32LE(constants.version, 0, true);
+  writeU32(p, constants.version, 0);
 
   // Services
-  p.writeUInt32LE(constants.services.network, 4, true);
-  p.writeUInt32LE(0, 8, true);
+  writeU32(p, constants.services.network, 4);
+  writeU32(p, 0, 8);
 
   // Timestamp
   var ts = ((+new Date) / 1000) | 0;
-  p.writeUInt32LE(ts, 12, true);
-  p.writeUInt32LE(0, 16, true);
+  writeU32(p, ts, 12);
+  writeU32(p, 0, 16);
 
   // Remote and local addresses
-  this._addr(p, 20, remote);
-  this._addr(p, 46, local);
+  this._addr(p, 20);
+  this._addr(p, 46);
 
   // Nonce, very dramatic
-  p.writeUInt32LE(0xdeadbeef, 72, true);
-  p.writeUInt32LE(0xabbadead, 76, true);
+  writeU32(p, 0xdeadbeef, 72);
+  writeU32(p, 0xabbadead, 76);
 
   // No user-agent
   p[80] = 0;
 
   // Start height
-  p.writeUInt32LE(0x0, 81, true);
+  writeU32(p, 0x0, 81);
 
   // Relay
   p[85] = 0;
diff --git a/lib/bcoin/protocol/parser.js b/lib/bcoin/protocol/parser.js
index f0423893..d30e0ea4 100644
--- a/lib/bcoin/protocol/parser.js
+++ b/lib/bcoin/protocol/parser.js
@@ -1,39 +1,38 @@
 var assert = require('assert');
 var util = require('util');
-var Transform = require('stream').Transform;
+var EventEmitter = require('events').EventEmitter;
 
-var bspv = require('../../bspv');
-var utils = bspv.utils;
+var bcoin = require('../../bcoin');
+var utils = bcoin.utils;
 var constants = require('./constants');
 
-function Parser(peer) {
+var readU32 = utils.readU32;
+var readU64 = utils.readU64;
+
+function Parser() {
   if (!(this instanceof Parser))
-    return new Parser(peer);
+    return new Parser();
 
-  Transform.call(this);
-  this._readableState.objectMode = true;
-
-  this.peer = peer;
+  EventEmitter.call(this);
 
   this.pending = [];
   this.pendingTotal = 0;
   this.waiting = 24;
   this.packet = null;
 }
-util.inherits(Parser, Transform);
+util.inherits(Parser, EventEmitter);
 module.exports = Parser;
 
-Parser.prototype._transform = function(data, enc, cb) {
+Parser.prototype.execute = function(data) {
   if (data) {
     this.pendingTotal += data.length;
     this.pending.push(data);
   }
   while (this.pendingTotal >= this.waiting) {
     // Concat chunks
-    var chunk = new Buffer(this.waiting);
-    console.log(this.pending);
+    var chunk = new Array(this.waiting);
     for (var i = 0, off = 0, len = 0; off < chunk.length; i++) {
-      len = this.pending[i].copy(chunk, off);
+      len = utils.copy(this.pending[i], chunk, off);
       off += len;
     }
     assert.equal(off, chunk.length);
@@ -46,7 +45,6 @@ Parser.prototype._transform = function(data, enc, cb) {
 
     this.parse(chunk);
   }
-  cb();
 };
 
 Parser.prototype.parse = function parse(chunk) {
@@ -54,9 +52,11 @@ Parser.prototype.parse = function parse(chunk) {
     this.packet = this.parseHeader(chunk);
   } else {
     this.packet.payload = chunk;
-    if (utils.checksum(this.packet.payload) !== this.packet.checksum)
+    if (readU32(utils.checksum(this.packet.payload)) !== this.packet.checksum)
       return this.emit('error', new Error('Invalid checksum'));
-    this.push(this.packet);
+    this.packet.payload = this.parsePayload(this.packet.cmd,
+                                            this.packet.payload);
+    this.emit('packet', this.packet);
 
     this.waiting = 24;
     this.packet = null;
@@ -64,7 +64,7 @@ Parser.prototype.parse = function parse(chunk) {
 };
 
 Parser.prototype.parseHeader = function parseHeader(h) {
-  var magic = h.readUInt32LE(0);
+  var magic = readU32(h, 0);
   if (magic !== constants.magic) {
     return this.emit('error',
                      new Error('Invalid magic value: ' + magic.toString(16)));
@@ -75,12 +75,51 @@ Parser.prototype.parseHeader = function parseHeader(h) {
   if (i === 12)
     return this.emit('error', new Error('Not NULL-terminated cmd'));
 
-  var cmd = h.slice(4, 4 + i).toString();
-  this.waiting = h.readUInt32LE(16);
+  var cmd = utils.stringify(h.slice(4, 4 + i));
+  this.waiting = readU32(h, 16);
 
   return {
     cmd: cmd,
     length: this.waiting,
-    checksum: h.readUInt32LE(20)
+    checksum: readU32(h, 20)
+  };
+};
+
+Parser.prototype.parsePayload = function parsePayload(cmd, p) {
+  if (cmd === 'version')
+    return this.parseVersion(p);
+  else
+    return this.emit('error', new Error('Unknown packet: ' + cmd));
+};
+
+Parser.prototype.parseVersion = function parseVersion(p) {
+  if (p.length < 85)
+    return this.emit('error', new Error('version packet is too small'));
+
+  var v = readU32(p, 0);
+  if (v < constants.minVersion)
+    return this.emit('error', new Error('version number is too small'));
+
+  var services = readU64(p, 4);
+
+  // Timestamp
+  var ts = readU64(p, 12);
+
+  // Nonce, very dramatic
+  var nonce = { lo: readU32(p, 72), hi: readU32(p, 76) };
+
+  // Start height
+  var weight = readU32(p, 81);
+
+  // Relay
+  var relay = p.length >= 86 ? p[85] === 1 : true;
+
+  return {
+    v: v,
+    services: services,
+    ts: ts,
+    nonce: nonce,
+    weight: weight,
+    relay: relay
   };
 };
diff --git a/lib/bcoin/utils.js b/lib/bcoin/utils.js
index 7e064ed1..b6eb8b44 100644
--- a/lib/bcoin/utils.js
+++ b/lib/bcoin/utils.js
@@ -77,14 +77,6 @@ utils.fromBase58 = function fromBase58(str) {
   return z.concat(res.toArray());
 };
 
-utils.sha256 = function sha256(data, enc) {
-  return hash.sha256().update(data, enc).digest();
-};
-
-utils.readU32 = function readU32(arr) {
-  return arr[0] | (arr[1] << 8) | (arr[2] << 16) | (arr[3] << 24);
-};
-
 utils.ripesha = function ripesha(data, enc) {
   return hash.ripemd160().update(utils.sha256(data, enc)).digest();
 };
@@ -92,3 +84,56 @@ utils.ripesha = function ripesha(data, enc) {
 utils.checksum = function checksum(data, enc) {
   return utils.sha256(utils.sha256(data, enc)).slice(0, 4);
 };
+
+utils.sha256 = function sha256(data, enc) {
+  return hash.sha256().update(data, enc).digest();
+};
+
+utils.readU32 = function readU32(arr, off) {
+  if (!off)
+    off = 0;
+  var r = arr[off] |
+          (arr[off + 1] << 8) |
+          (arr[off + 2] << 16) |
+          (arr[off + 3] << 24);
+  if (r < 0)
+    r += 0x100000000;
+  return r;
+};
+
+utils.readU64 = function readU64(arr, off) {
+  if (!off)
+    off = 0;
+  return utils.readU32(arr, off) + utils.readU32(arr, off + 4) * 0x100000000;
+};
+
+utils.writeU32 = function writeU32(dst, num, off) {
+  if (!off)
+    off = 0;
+  dst[off] = num & 0xff;
+  dst[off + 1] = (num >>> 8) & 0xff;
+  dst[off + 2] = (num >>> 16) & 0xff;
+  dst[off + 3] = (num >>> 24) & 0xff;
+};
+
+utils.writeAscii = function writeAscii(dst, str, off) {
+  for (var i = 0; i < str.length; i++) {
+    var c = str.charCodeAt(i);
+    dst[off + i] = c & 0xff;
+  }
+  return i;
+};
+
+utils.copy = function copy(src, dst, off) {
+  var len = Math.min(dst.length - off, src.length);
+  for (var i = 0; i < len; i++)
+    dst[i + off] = src[i];
+  return i;
+};
+
+utils.stringify = function stringify(arr) {
+  var res = '';
+  for (var i = 0; i < arr.length; i++)
+    res += String.fromCharCode(arr[i]);
+  return res;
+};
diff --git a/lib/bcoin/wallet.js b/lib/bcoin/wallet.js
index 03b1d7cd..20f8d7b5 100644
--- a/lib/bcoin/wallet.js
+++ b/lib/bcoin/wallet.js
@@ -29,7 +29,7 @@ Wallet.prototype.validateAddress = function validateAddress(addr) {
   if (addr[0] !== 0)
     return false;
   var chk = utils.checksum(addr.slice(0, -4));
-  if (utils.readU32(chk) !== utils.readU32(addr.slice(21)))
+  if (utils.readU32(chk, 0) !== utils.readU32(addr, 21))
     return false;
 
   return true;
diff --git a/test/protocol-test.js b/test/protocol-test.js
new file mode 100644
index 00000000..c1d5f920
--- /dev/null
+++ b/test/protocol-test.js
@@ -0,0 +1,23 @@
+var assert = require('assert');
+var bcoin = require('../');
+
+describe('Protocol', function() {
+  var parser;
+  var framer;
+  beforeEach(function() {
+    parser = bcoin.protocol.parser();
+    framer = bcoin.protocol.framer();
+  });
+
+  it('should encode/decode version packet', function(cb) {
+    var ver = framer.version();
+    parser.once('packet', function(packet) {
+      assert.equal(packet.cmd, 'version');
+      assert.equal(packet.payload.v, 70002);
+      assert.equal(packet.payload.relay, false);
+
+      cb();
+    });
+    parser.execute(ver);
+  });
+});