diff --git a/README.md b/README.md
index 29dae73418..790ee541e1 100644
--- a/README.md
+++ b/README.md
@@ -5,7 +5,7 @@ Ethereum
 
 Ethereum Go Client © 2014 Jeffrey Wilcke.
 
-Current state: Proof of Concept 0.5.17.
+Current state: Proof of Concept 0.6.0.
 
 For the development package please see the [eth-go package](https://github.com/ethereum/eth-go).
 
diff --git a/ethereal/assets/qml/wallet.qml b/ethereal/assets/qml/wallet.qml
index a79e4708c1..eef49824f1 100644
--- a/ethereal/assets/qml/wallet.qml
+++ b/ethereal/assets/qml/wallet.qml
@@ -249,6 +249,8 @@ ApplicationWindow {
 					}
 					TextField {
 						text: eth.getCustomIdentifier()
+						width: 500
+						placeholderText: "Anonymous"
 						onTextChanged: {
 							eth.setCustomIdentifier(text)
 						}
diff --git a/ethereal/debugger.go b/ethereal/debugger.go
index 7742b16271..0963874057 100644
--- a/ethereal/debugger.go
+++ b/ethereal/debugger.go
@@ -3,7 +3,10 @@ package main
 import (
 	"fmt"
 	"github.com/ethereum/eth-go/ethchain"
+	"github.com/ethereum/eth-go/ethstate"
 	"github.com/ethereum/eth-go/ethutil"
+	"github.com/ethereum/eth-go/ethvm"
+	"github.com/ethereum/go-ethereum/utils"
 	"github.com/go-qml/qml"
 	"math/big"
 	"strconv"
@@ -15,10 +18,10 @@ type DebuggerWindow struct {
 	engine *qml.Engine
 	lib    *UiLib
 
-	vm *ethchain.Vm
+	vm *ethvm.Vm
 	Db *Debugger
 
-	state *ethchain.State
+	state *ethstate.State
 }
 
 func NewDebuggerWindow(lib *UiLib) *DebuggerWindow {
@@ -32,7 +35,7 @@ func NewDebuggerWindow(lib *UiLib) *DebuggerWindow {
 
 	win := component.CreateWindow(nil)
 
-	w := &DebuggerWindow{engine: engine, win: win, lib: lib, vm: &ethchain.Vm{}}
+	w := &DebuggerWindow{engine: engine, win: win, lib: lib, vm: &ethvm.Vm{}}
 	w.Db = NewDebugger(w)
 
 	return w
@@ -130,22 +133,29 @@ func (self *DebuggerWindow) Debug(valueStr, gasStr, gasPriceStr, scriptStr, data
 
 	state := self.lib.eth.StateManager().TransState()
 	account := self.lib.eth.StateManager().TransState().GetAccount(keyPair.Address())
-	contract := ethchain.NewStateObject([]byte{0})
+	contract := ethstate.NewStateObject([]byte{0})
 	contract.Amount = value
 
-	callerClosure := ethchain.NewClosure(account, contract, script, state, gas, gasPrice)
+	self.SetAsm(script)
+
+	callerClosure := ethvm.NewClosure(account, contract, script, gas, gasPrice)
 
 	block := self.lib.eth.BlockChain().CurrentBlock
-	vm := ethchain.NewVm(state, self.lib.eth.StateManager(), ethchain.RuntimeVars{
-		Block:       block,
-		Origin:      account.Address(),
-		BlockNumber: block.Number,
-		PrevHash:    block.PrevHash,
-		Coinbase:    block.Coinbase,
-		Time:        block.Time,
-		Diff:        block.Difficulty,
-		Value:       ethutil.Big(valueStr),
-	})
+
+	/*
+		vm := ethchain.NewVm(state, self.lib.eth.StateManager(), ethchain.RuntimeVars{
+			Block:       block,
+			Origin:      account.Address(),
+			BlockNumber: block.Number,
+			PrevHash:    block.PrevHash,
+			Coinbase:    block.Coinbase,
+			Time:        block.Time,
+			Diff:        block.Difficulty,
+			Value:       ethutil.Big(valueStr),
+		})
+	*/
+	env := utils.NewEnv(state, block, account.Address(), value)
+	vm := ethvm.New(env)
 	vm.Verbose = true
 	vm.Dbg = self.Db
 
@@ -255,13 +265,13 @@ type storeVal struct {
 	Key, Value string
 }
 
-func (self *Debugger) BreakHook(pc int, op ethchain.OpCode, mem *ethchain.Memory, stack *ethchain.Stack, stateObject *ethchain.StateObject) bool {
+func (self *Debugger) BreakHook(pc int, op ethvm.OpCode, mem *ethvm.Memory, stack *ethvm.Stack, stateObject *ethstate.StateObject) bool {
 	self.main.Logln("break on instr:", pc)
 
 	return self.halting(pc, op, mem, stack, stateObject)
 }
 
-func (self *Debugger) StepHook(pc int, op ethchain.OpCode, mem *ethchain.Memory, stack *ethchain.Stack, stateObject *ethchain.StateObject) bool {
+func (self *Debugger) StepHook(pc int, op ethvm.OpCode, mem *ethvm.Memory, stack *ethvm.Stack, stateObject *ethstate.StateObject) bool {
 	return self.halting(pc, op, mem, stack, stateObject)
 }
 
@@ -273,7 +283,7 @@ func (self *Debugger) BreakPoints() []int64 {
 	return self.breakPoints
 }
 
-func (d *Debugger) halting(pc int, op ethchain.OpCode, mem *ethchain.Memory, stack *ethchain.Stack, stateObject *ethchain.StateObject) bool {
+func (d *Debugger) halting(pc int, op ethvm.OpCode, mem *ethvm.Memory, stack *ethvm.Stack, stateObject *ethstate.StateObject) bool {
 	d.win.Root().Call("setInstruction", pc)
 	d.win.Root().Call("clearMem")
 	d.win.Root().Call("clearStack")
@@ -289,7 +299,7 @@ func (d *Debugger) halting(pc int, op ethchain.OpCode, mem *ethchain.Memory, sta
 		d.win.Root().Call("setStack", val.String())
 	}
 
-	stateObject.State().EachStorage(func(key string, node *ethutil.Value) {
+	stateObject.EachStorage(func(key string, node *ethutil.Value) {
 		d.win.Root().Call("setStorage", storeVal{fmt.Sprintf("% x", key), fmt.Sprintf("% x", node.Str())})
 	})
 
diff --git a/ethereal/ext_app.go b/ethereal/ext_app.go
index 17c342a1b9..ac3e090f90 100644
--- a/ethereal/ext_app.go
+++ b/ethereal/ext_app.go
@@ -4,6 +4,7 @@ import (
 	"fmt"
 	"github.com/ethereum/eth-go/ethchain"
 	"github.com/ethereum/eth-go/ethpub"
+	"github.com/ethereum/eth-go/ethstate"
 	"github.com/ethereum/eth-go/ethutil"
 	"github.com/go-qml/qml"
 )
@@ -16,8 +17,8 @@ type AppContainer interface {
 	Engine() *qml.Engine
 
 	NewBlock(*ethchain.Block)
-	ObjectChanged(*ethchain.StateObject)
-	StorageChanged(*ethchain.StorageState)
+	ObjectChanged(*ethstate.StateObject)
+	StorageChanged(*ethstate.StorageState)
 	NewWatcher(chan bool)
 }
 
@@ -108,9 +109,9 @@ out:
 				app.container.NewBlock(block)
 			}
 		case object := <-app.changeChan:
-			if stateObject, ok := object.Resource.(*ethchain.StateObject); ok {
+			if stateObject, ok := object.Resource.(*ethstate.StateObject); ok {
 				app.container.ObjectChanged(stateObject)
-			} else if storageObject, ok := object.Resource.(*ethchain.StorageState); ok {
+			} else if storageObject, ok := object.Resource.(*ethstate.StorageState); ok {
 				app.container.StorageChanged(storageObject)
 			}
 		}
diff --git a/ethereal/gui.go b/ethereal/gui.go
index d816a774fa..df01cddda0 100644
--- a/ethereal/gui.go
+++ b/ethereal/gui.go
@@ -143,10 +143,12 @@ func (gui *Gui) showWallet(context *qml.Context) (*qml.Window, error) {
 
 	win := gui.createWindow(component)
 
-	gui.setInitialBlockChain()
-	gui.loadAddressBook()
-	gui.readPreviousTransactions()
-	gui.setPeerInfo()
+	go func() {
+		gui.setInitialBlockChain()
+		gui.loadAddressBook()
+		gui.readPreviousTransactions()
+		gui.setPeerInfo()
+	}()
 
 	go gui.update()
 
@@ -220,8 +222,9 @@ func (gui *Gui) loadAddressBook() {
 
 	nameReg := ethpub.EthereumConfig(gui.eth.StateManager()).NameReg()
 	if nameReg != nil {
-		nameReg.State().EachStorage(func(name string, value *ethutil.Value) {
+		nameReg.EachStorage(func(name string, value *ethutil.Value) {
 			if name[0] != 0 {
+				value.Decode()
 				gui.win.Root().Call("addAddress", struct{ Name, Address string }{name, ethutil.Bytes2Hex(value.Bytes())})
 			}
 		})
diff --git a/ethereal/html_container.go b/ethereal/html_container.go
index 04136f8017..b00d3f78e0 100644
--- a/ethereal/html_container.go
+++ b/ethereal/html_container.go
@@ -4,6 +4,7 @@ import (
 	"errors"
 	"github.com/ethereum/eth-go/ethchain"
 	"github.com/ethereum/eth-go/ethpub"
+	"github.com/ethereum/eth-go/ethstate"
 	"github.com/ethereum/eth-go/ethutil"
 	"github.com/go-qml/qml"
 	"github.com/howeyc/fsnotify"
@@ -121,11 +122,11 @@ func (app *HtmlApplication) NewBlock(block *ethchain.Block) {
 	app.webView.Call("onNewBlockCb", b)
 }
 
-func (app *HtmlApplication) ObjectChanged(stateObject *ethchain.StateObject) {
+func (app *HtmlApplication) ObjectChanged(stateObject *ethstate.StateObject) {
 	app.webView.Call("onObjectChangeCb", ethpub.NewPStateObject(stateObject))
 }
 
-func (app *HtmlApplication) StorageChanged(storageObject *ethchain.StorageState) {
+func (app *HtmlApplication) StorageChanged(storageObject *ethstate.StorageState) {
 	app.webView.Call("onStorageChangeCb", ethpub.NewPStorageState(storageObject))
 }
 
diff --git a/ethereal/main.go b/ethereal/main.go
index e1cd43acec..0f99be8865 100644
--- a/ethereal/main.go
+++ b/ethereal/main.go
@@ -10,15 +10,14 @@ import (
 
 const (
 	ClientIdentifier = "Ethereal"
-	Version          = "0.5.17"
+	Version          = "0.6.0"
 )
 
 func main() {
-	// Leave QT on top at ALL times. Qt Needs to be initialized from the main thread
-	qml.Init(nil)
-
 	runtime.GOMAXPROCS(runtime.NumCPU())
 
+	qml.Init(nil)
+
 	var interrupted = false
 	utils.RegisterInterrupt(func(os.Signal) {
 		interrupted = true
diff --git a/ethereal/qml_container.go b/ethereal/qml_container.go
index cb43a99bde..1b420ee219 100644
--- a/ethereal/qml_container.go
+++ b/ethereal/qml_container.go
@@ -3,6 +3,7 @@ package main
 import (
 	"github.com/ethereum/eth-go/ethchain"
 	"github.com/ethereum/eth-go/ethpub"
+	"github.com/ethereum/eth-go/ethstate"
 	"github.com/ethereum/eth-go/ethutil"
 	"github.com/go-qml/qml"
 	"runtime"
@@ -50,11 +51,11 @@ func (app *QmlApplication) NewBlock(block *ethchain.Block) {
 	app.win.Call("onNewBlockCb", pblock)
 }
 
-func (app *QmlApplication) ObjectChanged(stateObject *ethchain.StateObject) {
+func (app *QmlApplication) ObjectChanged(stateObject *ethstate.StateObject) {
 	app.win.Call("onObjectChangeCb", ethpub.NewPStateObject(stateObject))
 }
 
-func (app *QmlApplication) StorageChanged(storageObject *ethchain.StorageState) {
+func (app *QmlApplication) StorageChanged(storageObject *ethstate.StorageState) {
 	app.win.Call("onStorageChangeCb", ethpub.NewPStorageState(storageObject))
 }
 
diff --git a/ethereal/ui_lib.go b/ethereal/ui_lib.go
index 997a3391a9..6a62fa1df2 100644
--- a/ethereal/ui_lib.go
+++ b/ethereal/ui_lib.go
@@ -78,8 +78,8 @@ func (ui *UiLib) AssetPath(p string) string {
 func (self *UiLib) StartDbWithContractAndData(contractHash, data string) {
 	dbWindow := NewDebuggerWindow(self)
 	object := self.eth.StateManager().CurrentState().GetStateObject(ethutil.Hex2Bytes(contractHash))
-	if len(object.Script()) > 0 {
-		dbWindow.SetCode("0x" + ethutil.Bytes2Hex(object.Script()))
+	if len(object.Code) > 0 {
+		dbWindow.SetCode("0x" + ethutil.Bytes2Hex(object.Code))
 	}
 	dbWindow.SetData("0x" + data)
 
diff --git a/ethereum/main.go b/ethereum/main.go
index b670cb495b..2179910748 100644
--- a/ethereum/main.go
+++ b/ethereum/main.go
@@ -9,7 +9,7 @@ import (
 
 const (
 	ClientIdentifier = "Ethereum(G)"
-	Version          = "0.5.17"
+	Version          = "0.6.0"
 )
 
 var logger = ethlog.NewLogger("CLI")
diff --git a/ethereum/repl/javascript_runtime.go b/ethereum/repl/javascript_runtime.go
index cd87f98687..41b6216d49 100644
--- a/ethereum/repl/javascript_runtime.go
+++ b/ethereum/repl/javascript_runtime.go
@@ -6,6 +6,7 @@ import (
 	"github.com/ethereum/eth-go/ethchain"
 	"github.com/ethereum/eth-go/ethlog"
 	"github.com/ethereum/eth-go/ethpub"
+	"github.com/ethereum/eth-go/ethstate"
 	"github.com/ethereum/eth-go/ethutil"
 	"github.com/ethereum/go-ethereum/utils"
 	"github.com/obscuren/otto"
@@ -121,12 +122,12 @@ out:
 			if _, ok := block.Resource.(*ethchain.Block); ok {
 			}
 		case object := <-self.changeChan:
-			if stateObject, ok := object.Resource.(*ethchain.StateObject); ok {
+			if stateObject, ok := object.Resource.(*ethstate.StateObject); ok {
 				for _, cb := range self.objectCb[ethutil.Bytes2Hex(stateObject.Address())] {
 					val, _ := self.vm.ToValue(ethpub.NewPStateObject(stateObject))
 					cb.Call(cb, val)
 				}
-			} else if storageObject, ok := object.Resource.(*ethchain.StorageState); ok {
+			} else if storageObject, ok := object.Resource.(*ethstate.StorageState); ok {
 				for _, cb := range self.objectCb[ethutil.Bytes2Hex(storageObject.StateAddress)+ethutil.Bytes2Hex(storageObject.Address)] {
 					val, _ := self.vm.ToValue(ethpub.NewPStorageState(storageObject))
 					cb.Call(cb, val)
diff --git a/utils/vm_env.go b/utils/vm_env.go
new file mode 100644
index 0000000000..2c40dd7b85
--- /dev/null
+++ b/utils/vm_env.go
@@ -0,0 +1,33 @@
+package utils
+
+import (
+	"github.com/ethereum/eth-go/ethchain"
+	"github.com/ethereum/eth-go/ethstate"
+	"math/big"
+)
+
+type VMEnv struct {
+	state *ethstate.State
+	block *ethchain.Block
+
+	transactor []byte
+	value      *big.Int
+}
+
+func NewEnv(state *ethstate.State, block *ethchain.Block, transactor []byte, value *big.Int) *VMEnv {
+	return &VMEnv{
+		state:      state,
+		block:      block,
+		transactor: transactor,
+		value:      value,
+	}
+}
+
+func (self *VMEnv) Origin() []byte         { return self.transactor }
+func (self *VMEnv) BlockNumber() *big.Int  { return self.block.Number }
+func (self *VMEnv) PrevHash() []byte       { return self.block.PrevHash }
+func (self *VMEnv) Coinbase() []byte       { return self.block.Coinbase }
+func (self *VMEnv) Time() int64            { return self.block.Time }
+func (self *VMEnv) Difficulty() *big.Int   { return self.block.Difficulty }
+func (self *VMEnv) Value() *big.Int        { return self.value }
+func (self *VMEnv) State() *ethstate.State { return self.state }