diff --git a/ethcore/evm/src/interpreter/gasometer.rs b/ethcore/evm/src/interpreter/gasometer.rs
index 78a33ef3ead..406df19fd35 100644
--- a/ethcore/evm/src/interpreter/gasometer.rs
+++ b/ethcore/evm/src/interpreter/gasometer.rs
@@ -125,12 +125,17 @@ impl<Gas: evm::CostType> Gasometer<Gas> {
 				let newval = stack.peek(1);
 				let val = U256::from(&*ext.storage_at(&address)?);
 
-				let gas = if val.is_zero() && !newval.is_zero() {
-					schedule.sstore_set_gas
+				let gas = if schedule.eip1283 {
+					let orig = U256::from(&*ext.initial_storage_at(&address)?);
+					calculate_eip1283_sstore_gas(schedule, &orig, &val, &newval)
 				} else {
-					// Refund for below case is added when actually executing sstore
-					// !is_zero(&val) && is_zero(newval)
-					schedule.sstore_reset_gas
+					if val.is_zero() && !newval.is_zero() {
+						schedule.sstore_set_gas
+					} else {
+						// Refund for below case is added when actually executing sstore
+						// !is_zero(&val) && is_zero(newval)
+						schedule.sstore_reset_gas
+					}
 				};
 				Request::Gas(Gas::from(gas))
 			},
@@ -342,6 +347,89 @@ fn add_gas_usize<Gas: evm::CostType>(value: Gas, num: usize) -> (Gas, bool) {
 	value.overflow_add(Gas::from(num))
 }
 
+#[inline]
+fn calculate_eip1283_sstore_gas<Gas: evm::CostType>(schedule: &Schedule, original: &U256, current: &U256, new: &U256) -> Gas {
+	Gas::from(
+		if current == new {
+			// 1. If current value equals new value (this is a no-op), 200 gas is deducted.
+			schedule.sload_gas
+		} else {
+			// 2. If current value does not equal new value
+			if original == current {
+				// 2.1. If original value equals current value (this storage slot has not been changed by the current execution context)
+				if original.is_zero() {
+					// 2.1.1. If original value is 0, 20000 gas is deducted.
+					schedule.sstore_set_gas
+				} else {
+					// 2.1.2. Otherwise, 5000 gas is deducted.
+					schedule.sstore_reset_gas
+
+					// 2.1.2.1. If new value is 0, add 15000 gas to refund counter.
+				}
+			} else {
+				// 2.2. If original value does not equal current value (this storage slot is dirty), 200 gas is deducted. Apply both of the following clauses.
+				schedule.sload_gas
+
+				// 2.2.1. If original value is not 0
+				// 2.2.1.1. If current value is 0 (also means that new value is not 0), remove 15000 gas from refund counter. We can prove that refund counter will never go below 0.
+				// 2.2.1.2. If new value is 0 (also means that current value is not 0), add 15000 gas to refund counter.
+
+				// 2.2.2. If original value equals new value (this storage slot is reset)
+				// 2.2.2.1. If original value is 0, add 19800 gas to refund counter.
+				// 2.2.2.2. Otherwise, add 4800 gas to refund counter.
+			}
+		}
+	)
+}
+
+pub fn handle_eip1283_sstore_clears_refund(ext: &mut vm::Ext, original: &U256, current: &U256, new: &U256) {
+	let sstore_clears_schedule = U256::from(ext.schedule().sstore_refund_gas);
+
+	if current == new {
+		// 1. If current value equals new value (this is a no-op), 200 gas is deducted.
+	} else {
+		// 2. If current value does not equal new value
+		if original == current {
+			// 2.1. If original value equals current value (this storage slot has not been changed by the current execution context)
+			if original.is_zero() {
+				// 2.1.1. If original value is 0, 20000 gas is deducted.
+			} else {
+				// 2.1.2. Otherwise, 5000 gas is deducted.
+				if new.is_zero() {
+					// 2.1.2.1. If new value is 0, add 15000 gas to refund counter.
+					ext.add_sstore_refund(sstore_clears_schedule);
+				}
+			}
+		} else {
+			// 2.2. If original value does not equal current value (this storage slot is dirty), 200 gas is deducted. Apply both of the following clauses.
+
+			if !original.is_zero() {
+				// 2.2.1. If original value is not 0
+				if current.is_zero() {
+					// 2.2.1.1. If current value is 0 (also means that new value is not 0), remove 15000 gas from refund counter. We can prove that refund counter will never go below 0.
+					ext.sub_sstore_refund(sstore_clears_schedule);
+				} else if new.is_zero() {
+					// 2.2.1.2. If new value is 0 (also means that current value is not 0), add 15000 gas to refund counter.
+					ext.add_sstore_refund(sstore_clears_schedule);
+				}
+			}
+
+			if original == new {
+				// 2.2.2. If original value equals new value (this storage slot is reset)
+				if original.is_zero() {
+					// 2.2.2.1. If original value is 0, add 19800 gas to refund counter.
+					let refund = U256::from(ext.schedule().sstore_set_gas - ext.schedule().sload_gas);
+					ext.add_sstore_refund(refund);
+				} else {
+					// 2.2.2.2. Otherwise, add 4800 gas to refund counter.
+					let refund = U256::from(ext.schedule().sstore_reset_gas - ext.schedule().sload_gas);
+					ext.add_sstore_refund(refund);
+				}
+			}
+		}
+	}
+}
+
 #[test]
 fn test_mem_gas_cost() {
 	// given
diff --git a/ethcore/evm/src/interpreter/mod.rs b/ethcore/evm/src/interpreter/mod.rs
index 5c4f5e6806e..07d0f0c6294 100644
--- a/ethcore/evm/src/interpreter/mod.rs
+++ b/ethcore/evm/src/interpreter/mod.rs
@@ -629,8 +629,14 @@ impl<Cost: CostType> Interpreter<Cost> {
 
 				let current_val = U256::from(&*ext.storage_at(&address)?);
 				// Increase refund for clear
-				if !current_val.is_zero() && val.is_zero() {
-					ext.inc_sstore_clears();
+				if ext.schedule().eip1283 {
+					let original_val = U256::from(&*ext.initial_storage_at(&address)?);
+					gasometer::handle_eip1283_sstore_clears_refund(ext, &original_val, &current_val, &val);
+				} else {
+					if !current_val.is_zero() && val.is_zero() {
+						let sstore_clears_schedule = U256::from(ext.schedule().sstore_refund_gas);
+						ext.add_sstore_refund(sstore_clears_schedule);
+					}
 				}
 				ext.set_storage(address, H256::from(&val))?;
 			},
diff --git a/ethcore/evm/src/tests.rs b/ethcore/evm/src/tests.rs
index b1f6268bf23..9fd7bcd9023 100644
--- a/ethcore/evm/src/tests.rs
+++ b/ethcore/evm/src/tests.rs
@@ -716,7 +716,7 @@ fn test_jumps(factory: super::Factory) {
 		test_finalize(vm.exec(&mut ext)).unwrap()
 	};
 
-	assert_eq!(ext.sstore_clears, 1);
+	assert_eq!(ext.sstore_clears, U256::from(ext.schedule().sstore_refund_gas));
 	assert_store(&ext, 0, "0000000000000000000000000000000000000000000000000000000000000000"); // 5!
 	assert_store(&ext, 1, "0000000000000000000000000000000000000000000000000000000000000078"); // 5!
 	assert_eq!(gas_left, U256::from(54_117));
diff --git a/ethcore/res/ethereum/constantinople_test.json b/ethcore/res/ethereum/constantinople_test.json
index 155b06507d0..9e7df1f7fba 100644
--- a/ethcore/res/ethereum/constantinople_test.json
+++ b/ethcore/res/ethereum/constantinople_test.json
@@ -33,7 +33,8 @@
 		"eip211Transition": "0x0",
 		"eip214Transition": "0x0",
 		"eip155Transition": "0x0",
-		"eip658Transition": "0x0"
+		"eip658Transition": "0x0",
+		"eip1283Transition": "0x0"
 	},
 	"genesis": {
 		"seal": {
diff --git a/ethcore/src/executive.rs b/ethcore/src/executive.rs
index ff5c54eff11..d2cf2f027fd 100644
--- a/ethcore/src/executive.rs
+++ b/ethcore/src/executive.rs
@@ -574,9 +574,9 @@ impl<'a, B: 'a + StateBackend> Executive<'a, B> {
 		let prev_bal = self.state.balance(&params.address)?;
 		if let ActionValue::Transfer(val) = params.value {
 			self.state.sub_balance(&params.sender, &val, &mut substate.to_cleanup_mode(&schedule))?;
-			self.state.new_contract(&params.address, val + prev_bal, nonce_offset);
+			self.state.new_contract(&params.address, val + prev_bal, nonce_offset)?;
 		} else {
-			self.state.new_contract(&params.address, prev_bal, nonce_offset);
+			self.state.new_contract(&params.address, prev_bal, nonce_offset)?;
 		}
 
 		let trace_info = tracer.prepare_trace_create(&params);
@@ -627,7 +627,7 @@ impl<'a, B: 'a + StateBackend> Executive<'a, B> {
 		let schedule = self.schedule;
 
 		// refunds from SSTORE nonzero -> zero
-		let sstore_refunds = U256::from(schedule.sstore_refund_gas) * substate.sstore_clears_count;
+		let sstore_refunds = substate.sstore_clears_refund;
 		// refunds from contract suicides
 		let suicide_refunds = U256::from(schedule.suicide_refund_gas) * U256::from(substate.suicides.len());
 		let refunds_bound = sstore_refunds + suicide_refunds;
@@ -1614,6 +1614,66 @@ mod tests {
 		assert_eq!(state.storage_at(&contract_address, &H256::from(&U256::zero())).unwrap(), H256::from(&U256::from(0)));
 	}
 
+	evm_test!{test_eip1283: test_eip1283_int}
+	fn test_eip1283(factory: Factory) {
+		let x1 = Address::from(0x1000);
+		let x2 = Address::from(0x1001);
+		let y1 = Address::from(0x2001);
+		let y2 = Address::from(0x2002);
+		let operating_address = Address::from(0);
+		let k = H256::new();
+
+		let mut state = get_temp_state_with_factory(factory.clone());
+		state.new_contract(&x1, U256::zero(), U256::from(1)).unwrap();
+		state.init_code(&x1, "600160005560006000556001600055".from_hex().unwrap()).unwrap();
+		state.new_contract(&x2, U256::zero(), U256::from(1)).unwrap();
+		state.init_code(&x2, "600060005560016000556000600055".from_hex().unwrap()).unwrap();
+		state.new_contract(&y1, U256::zero(), U256::from(1)).unwrap();
+		state.init_code(&y1, "600060006000600061100062fffffff4".from_hex().unwrap()).unwrap();
+		state.new_contract(&y2, U256::zero(), U256::from(1)).unwrap();
+		state.init_code(&y2, "600060006000600061100162fffffff4".from_hex().unwrap()).unwrap();
+
+		let info = EnvInfo::default();
+		let machine = ::ethereum::new_constantinople_test_machine();
+		let schedule = machine.schedule(info.number);
+
+		assert_eq!(state.storage_at(&operating_address, &k).unwrap(), H256::from(U256::from(0)));
+		// Test a call via top-level -> y1 -> x1
+		let (FinalizationResult { gas_left, .. }, refund, gas) = {
+			let gas = U256::from(0xffffffffffu64);
+			let mut params = ActionParams::default();
+			params.code = Some(Arc::new("6001600055600060006000600061200163fffffffff4".from_hex().unwrap()));
+			params.gas = gas;
+			let mut substate = Substate::new();
+			let mut ex = Executive::new(&mut state, &info, &machine, &schedule);
+			let res = ex.call(params, &mut substate, &mut NoopTracer, &mut NoopVMTracer).unwrap();
+
+			(res, substate.sstore_clears_refund, gas)
+		};
+		let gas_used = gas - gas_left;
+		// sstore: 0 -> (1) -> () -> (1 -> 0 -> 1)
+		assert_eq!(gas_used, U256::from(41860));
+		assert_eq!(refund, U256::from(19800));
+
+		assert_eq!(state.storage_at(&operating_address, &k).unwrap(), H256::from(U256::from(1)));
+		// Test a call via top-level -> y2 -> x2
+		let (FinalizationResult { gas_left, .. }, refund, gas) = {
+			let gas = U256::from(0xffffffffffu64);
+			let mut params = ActionParams::default();
+			params.code = Some(Arc::new("6001600055600060006000600061200263fffffffff4".from_hex().unwrap()));
+			params.gas = gas;
+			let mut substate = Substate::new();
+			let mut ex = Executive::new(&mut state, &info, &machine, &schedule);
+			let res = ex.call(params, &mut substate, &mut NoopTracer, &mut NoopVMTracer).unwrap();
+
+			(res, substate.sstore_clears_refund, gas)
+		};
+		let gas_used = gas - gas_left;
+		// sstore: 1 -> (1) -> () -> (0 -> 1 -> 0)
+		assert_eq!(gas_used, U256::from(11860));
+		assert_eq!(refund, U256::from(19800));
+	}
+
 	fn wasm_sample_code() -> Arc<Vec<u8>> {
 		Arc::new(
 			"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"
diff --git a/ethcore/src/externalities.rs b/ethcore/src/externalities.rs
index dad3987b963..5c7c95c6671 100644
--- a/ethcore/src/externalities.rs
+++ b/ethcore/src/externalities.rs
@@ -113,6 +113,10 @@ impl<'a, T: 'a, V: 'a, B: 'a> Externalities<'a, T, V, B>
 impl<'a, T: 'a, V: 'a, B: 'a> Ext for Externalities<'a, T, V, B>
 	where T: Tracer, V: VMTracer, B: StateBackend
 {
+	fn initial_storage_at(&self, key: &H256) -> vm::Result<H256> {
+		self.state.checkpoint_storage_at(0, &self.origin_info.address, key).map(|v| v.unwrap_or(H256::zero())).map_err(Into::into)
+	}
+
 	fn storage_at(&self, key: &H256) -> vm::Result<H256> {
 		self.state.storage_at(&self.origin_info.address, key).map_err(Into::into)
 	}
@@ -390,8 +394,12 @@ impl<'a, T: 'a, V: 'a, B: 'a> Ext for Externalities<'a, T, V, B>
 		self.depth
 	}
 
-	fn inc_sstore_clears(&mut self) {
-		self.substate.sstore_clears_count = self.substate.sstore_clears_count + U256::one();
+	fn add_sstore_refund(&mut self, value: U256) {
+		self.substate.sstore_clears_refund = self.substate.sstore_clears_refund.saturating_add(value);
+	}
+
+	fn sub_sstore_refund(&mut self, value: U256) {
+		self.substate.sstore_clears_refund = self.substate.sstore_clears_refund.saturating_sub(value);
 	}
 
 	fn trace_next_instruction(&mut self, pc: usize, instruction: u8, current_gas: U256) -> bool {
diff --git a/ethcore/src/json_tests/executive.rs b/ethcore/src/json_tests/executive.rs
index 20e7ebb20f5..78ef3e22dcf 100644
--- a/ethcore/src/json_tests/executive.rs
+++ b/ethcore/src/json_tests/executive.rs
@@ -112,6 +112,10 @@ impl<'a, T: 'a, V: 'a, B: 'a> Ext for TestExt<'a, T, V, B>
 		self.ext.storage_at(key)
 	}
 
+	fn initial_storage_at(&self, key: &H256) -> vm::Result<H256> {
+		self.ext.initial_storage_at(key)
+	}
+
 	fn set_storage(&mut self, key: H256, value: H256) -> vm::Result<()> {
 		self.ext.set_storage(key, value)
 	}
@@ -205,8 +209,12 @@ impl<'a, T: 'a, V: 'a, B: 'a> Ext for TestExt<'a, T, V, B>
 		false
 	}
 
-	fn inc_sstore_clears(&mut self) {
-		self.ext.inc_sstore_clears()
+	fn add_sstore_refund(&mut self, value: U256) {
+		self.ext.add_sstore_refund(value)
+	}
+
+	fn sub_sstore_refund(&mut self, value: U256) {
+		self.ext.sub_sstore_refund(value)
 	}
 }
 
diff --git a/ethcore/src/spec/spec.rs b/ethcore/src/spec/spec.rs
index 9ba3d5d30b4..aa5d9cd9b7d 100644
--- a/ethcore/src/spec/spec.rs
+++ b/ethcore/src/spec/spec.rs
@@ -115,6 +115,8 @@ pub struct CommonParams {
 	pub eip145_transition: BlockNumber,
 	/// Number of first block where EIP-1052 rules begin.
 	pub eip1052_transition: BlockNumber,
+	/// Number of first block where EIP-1283 rules begin.
+	pub eip1283_transition: BlockNumber,
 	/// Number of first block where EIP-1014 rules begin.
 	pub eip1014_transition: BlockNumber,
 	/// Number of first block where dust cleanup rules (EIP-168 and EIP169) begin.
@@ -183,6 +185,7 @@ impl CommonParams {
 		schedule.have_return_data = block_number >= self.eip211_transition;
 		schedule.have_bitwise_shifting = block_number >= self.eip145_transition;
 		schedule.have_extcodehash = block_number >= self.eip1052_transition;
+		schedule.eip1283 = block_number >= self.eip1283_transition;
 		if block_number >= self.eip210_transition {
 			schedule.blockhash_gas = 800;
 		}
@@ -286,6 +289,10 @@ impl From<ethjson::spec::Params> for CommonParams {
 				BlockNumber::max_value,
 				Into::into,
 			),
+			eip1283_transition: p.eip1283_transition.map_or_else(
+				BlockNumber::max_value,
+				Into::into,
+			),
 			eip1014_transition: p.eip1014_transition.map_or_else(
 				BlockNumber::max_value,
 				Into::into,
diff --git a/ethcore/src/state/account.rs b/ethcore/src/state/account.rs
index e08e2365886..a03312ca42f 100644
--- a/ethcore/src/state/account.rs
+++ b/ethcore/src/state/account.rs
@@ -59,6 +59,10 @@ pub struct Account {
 	// LRU Cache of the trie-backed storage.
 	// This is limited to `STORAGE_CACHE_ITEMS` recent queries
 	storage_cache: RefCell<LruCache<H256, H256>>,
+	// LRU Cache of the trie-backed storage for original value.
+	// This is only used when the initial storage root is different compared to
+	// what is in the database. That is, it is only used for new contracts.
+	original_storage_cache: Option<(H256, RefCell<LruCache<H256, H256>>)>,
 	// Modified storage. Accumulates changes to storage made in `set_storage`
 	// Takes precedence over `storage_cache`.
 	storage_changes: HashMap<H256, H256>,
@@ -81,6 +85,7 @@ impl From<BasicAccount> for Account {
 			nonce: basic.nonce,
 			storage_root: basic.storage_root,
 			storage_cache: Self::empty_storage_cache(),
+			original_storage_cache: None,
 			storage_changes: HashMap::new(),
 			code_hash: basic.code_hash,
 			code_size: None,
@@ -100,6 +105,7 @@ impl Account {
 			nonce: nonce,
 			storage_root: KECCAK_NULL_RLP,
 			storage_cache: Self::empty_storage_cache(),
+			original_storage_cache: None,
 			storage_changes: storage,
 			code_hash: keccak(&code),
 			code_size: Some(code.len()),
@@ -120,6 +126,7 @@ impl Account {
 			nonce: pod.nonce,
 			storage_root: KECCAK_NULL_RLP,
 			storage_cache: Self::empty_storage_cache(),
+			original_storage_cache: None,
 			storage_changes: pod.storage.into_iter().collect(),
 			code_hash: pod.code.as_ref().map_or(KECCAK_EMPTY, |c| keccak(c)),
 			code_filth: Filth::Dirty,
@@ -136,6 +143,7 @@ impl Account {
 			nonce: nonce,
 			storage_root: KECCAK_NULL_RLP,
 			storage_cache: Self::empty_storage_cache(),
+			original_storage_cache: None,
 			storage_changes: HashMap::new(),
 			code_hash: KECCAK_EMPTY,
 			code_cache: Arc::new(vec![]),
@@ -154,12 +162,17 @@ impl Account {
 
 	/// Create a new contract account.
 	/// NOTE: make sure you use `init_code` on this before `commit`ing.
-	pub fn new_contract(balance: U256, nonce: U256) -> Account {
+	pub fn new_contract(balance: U256, nonce: U256, original_storage_root: H256) -> Account {
 		Account {
 			balance: balance,
 			nonce: nonce,
 			storage_root: KECCAK_NULL_RLP,
 			storage_cache: Self::empty_storage_cache(),
+			original_storage_cache: if original_storage_root == KECCAK_NULL_RLP {
+				None
+			} else {
+				Some((original_storage_root, Self::empty_storage_cache()))
+			},
 			storage_changes: HashMap::new(),
 			code_hash: KECCAK_EMPTY,
 			code_cache: Arc::new(vec![]),
@@ -204,11 +217,43 @@ impl Account {
 		if let Some(value) = self.cached_storage_at(key) {
 			return Ok(value);
 		}
-		let db = SecTrieDB::new(db, &self.storage_root)?;
+		Self::get_and_cache_storage(
+			&self.storage_root,
+			&mut self.storage_cache.borrow_mut(),
+			db,
+			key)
+	}
+
+	/// Get (and cache) the contents of the trie's storage at `key`.
+	/// Does not take modified storage into account.
+	pub fn original_storage_at(&self, db: &HashDB<KeccakHasher>, key: &H256) -> TrieResult<H256> {
+		if let Some(value) = self.cached_original_storage_at(key) {
+			return Ok(value);
+		}
+		match &self.original_storage_cache {
+			Some((ref original_storage_root, ref original_storage_cache)) =>
+				Self::get_and_cache_storage(
+					original_storage_root,
+					&mut original_storage_cache.borrow_mut(),
+					db,
+					key
+				),
+			None =>
+				Self::get_and_cache_storage(
+					&self.storage_root,
+					&mut self.storage_cache.borrow_mut(),
+					db,
+					key
+				),
+		}
+	}
+
+	fn get_and_cache_storage(storage_root: &H256, storage_cache: &mut LruCache<H256, H256>, db: &HashDB<KeccakHasher>, key: &H256) -> TrieResult<H256> {
+		let db = SecTrieDB::new(db, storage_root)?;
 		let panicky_decoder = |bytes:&[u8]| ::rlp::decode(&bytes).expect("decoding db value failed");
 		let item: U256 = db.get_with(key, panicky_decoder)?.unwrap_or_else(U256::zero);
 		let value: H256 = item.into();
-		self.storage_cache.borrow_mut().insert(key.clone(), value.clone());
+		storage_cache.insert(key.clone(), value.clone());
 		Ok(value)
 	}
 
@@ -218,10 +263,38 @@ impl Account {
 		if let Some(value) = self.storage_changes.get(key) {
 			return Some(value.clone())
 		}
+		self.cached_moved_original_storage_at(key)
+	}
+
+	/// Get cached original storage value after last state commitment. Returns `None` if the key is not in the cache.
+	pub fn cached_original_storage_at(&self, key: &H256) -> Option<H256> {
+		match &self.original_storage_cache {
+			Some((_, ref original_storage_cache)) => {
+				if let Some(value) = original_storage_cache.borrow_mut().get_mut(key) {
+					Some(value.clone())
+				} else {
+					None
+				}
+			},
+			None => {
+				self.cached_moved_original_storage_at(key)
+			},
+		}
+	}
+
+	/// Get cached original storage value since last contract creation on this address. Returns `None` if the key is not in the cache.
+	fn cached_moved_original_storage_at(&self, key: &H256) -> Option<H256> {
+		// If storage root is empty RLP, then early return zero value. Practically, this makes it so that if
+		// `original_storage_cache` is used, then `storage_cache` will always remain empty.
+		if self.storage_root == KECCAK_NULL_RLP {
+			return Some(H256::new());
+		}
+
 		if let Some(value) = self.storage_cache.borrow_mut().get_mut(key) {
-			return Some(value.clone())
+			Some(value.clone())
+		} else {
+			None
 		}
-		None
 	}
 
 	/// return the balance associated with this account.
@@ -357,7 +430,27 @@ impl Account {
 	}
 
 	/// Return the storage root associated with this account or None if it has been altered via the overlay.
-	pub fn storage_root(&self) -> Option<&H256> { if self.storage_is_clean() {Some(&self.storage_root)} else {None} }
+	pub fn storage_root(&self) -> Option<H256> {
+		if self.storage_is_clean() {
+			Some(self.storage_root)
+		} else {
+			None
+		}
+	}
+
+	/// Return the original storage root of this account.
+	pub fn original_storage_root(&self) -> H256 {
+		if let Some((original_storage_root, _)) = self.original_storage_cache {
+			original_storage_root
+		} else {
+			self.storage_root
+		}
+	}
+
+	/// Storage root where the account changes are based upon.
+	pub fn base_storage_root(&self) -> H256 {
+		self.storage_root
+	}
 
 	/// Return the storage overlay.
 	pub fn storage_changes(&self) -> &HashMap<H256, H256> { &self.storage_changes }
@@ -392,6 +485,7 @@ impl Account {
 
 			self.storage_cache.borrow_mut().insert(k, v);
 		}
+		self.original_storage_cache = None;
 		Ok(())
 	}
 
@@ -429,6 +523,7 @@ impl Account {
 			nonce: self.nonce.clone(),
 			storage_root: self.storage_root.clone(),
 			storage_cache: Self::empty_storage_cache(),
+			original_storage_cache: self.original_storage_cache.as_ref().map(|(r, _)| (*r, Self::empty_storage_cache())),
 			storage_changes: HashMap::new(),
 			code_hash: self.code_hash.clone(),
 			code_size: self.code_size.clone(),
@@ -449,6 +544,7 @@ impl Account {
 	pub fn clone_all(&self) -> Account {
 		let mut account = self.clone_dirty();
 		account.storage_cache = self.storage_cache.clone();
+		account.original_storage_cache = self.original_storage_cache.clone();
 		account
 	}
 
@@ -458,16 +554,21 @@ impl Account {
 	pub fn overwrite_with(&mut self, other: Account) {
 		self.balance = other.balance;
 		self.nonce = other.nonce;
-		self.storage_root = other.storage_root;
 		self.code_hash = other.code_hash;
 		self.code_filth = other.code_filth;
 		self.code_cache = other.code_cache;
 		self.code_size = other.code_size;
 		self.address_hash = other.address_hash;
-		let mut cache = self.storage_cache.borrow_mut();
-		for (k, v) in other.storage_cache.into_inner() {
-			cache.insert(k, v);
+		if self.storage_root == other.storage_root {
+			let mut cache = self.storage_cache.borrow_mut();
+			for (k, v) in other.storage_cache.into_inner() {
+				cache.insert(k, v);
+			}
+		} else {
+			self.storage_cache = other.storage_cache;
 		}
+		self.original_storage_cache = other.original_storage_cache;
+		self.storage_root = other.storage_root;
 		self.storage_changes = other.storage_changes;
 	}
 }
@@ -526,7 +627,7 @@ mod tests {
 		let mut db = MemoryDB::new();
 		let mut db = AccountDBMut::new(&mut db, &Address::new());
 		let rlp = {
-			let mut a = Account::new_contract(69.into(), 0.into());
+			let mut a = Account::new_contract(69.into(), 0.into(), KECCAK_NULL_RLP);
 			a.set_storage(0x00u64.into(), 0x1234u64.into());
 			a.commit_storage(&Default::default(), &mut db).unwrap();
 			a.init_code(vec![]);
@@ -535,7 +636,7 @@ mod tests {
 		};
 
 		let a = Account::from_rlp(&rlp).expect("decoding db value failed");
-		assert_eq!(*a.storage_root().unwrap(), "c57e1afb758b07f8d2c8f13a3b6e44fa5ff94ab266facc5a4fd3f062426e50b2".into());
+		assert_eq!(a.storage_root().unwrap(), "c57e1afb758b07f8d2c8f13a3b6e44fa5ff94ab266facc5a4fd3f062426e50b2".into());
 		assert_eq!(a.storage_at(&db.immutable(), &0x00u64.into()).unwrap(), 0x1234u64.into());
 		assert_eq!(a.storage_at(&db.immutable(), &0x01u64.into()).unwrap(), H256::default());
 	}
@@ -546,7 +647,7 @@ mod tests {
 		let mut db = AccountDBMut::new(&mut db, &Address::new());
 
 		let rlp = {
-			let mut a = Account::new_contract(69.into(), 0.into());
+			let mut a = Account::new_contract(69.into(), 0.into(), KECCAK_NULL_RLP);
 			a.init_code(vec![0x55, 0x44, 0xffu8]);
 			a.commit_code(&mut db);
 			a.rlp()
@@ -561,18 +662,18 @@ mod tests {
 
 	#[test]
 	fn commit_storage() {
-		let mut a = Account::new_contract(69.into(), 0.into());
+		let mut a = Account::new_contract(69.into(), 0.into(), KECCAK_NULL_RLP);
 		let mut db = MemoryDB::new();
 		let mut db = AccountDBMut::new(&mut db, &Address::new());
 		a.set_storage(0.into(), 0x1234.into());
 		assert_eq!(a.storage_root(), None);
 		a.commit_storage(&Default::default(), &mut db).unwrap();
-		assert_eq!(*a.storage_root().unwrap(), "c57e1afb758b07f8d2c8f13a3b6e44fa5ff94ab266facc5a4fd3f062426e50b2".into());
+		assert_eq!(a.storage_root().unwrap(), "c57e1afb758b07f8d2c8f13a3b6e44fa5ff94ab266facc5a4fd3f062426e50b2".into());
 	}
 
 	#[test]
 	fn commit_remove_commit_storage() {
-		let mut a = Account::new_contract(69.into(), 0.into());
+		let mut a = Account::new_contract(69.into(), 0.into(), KECCAK_NULL_RLP);
 		let mut db = MemoryDB::new();
 		let mut db = AccountDBMut::new(&mut db, &Address::new());
 		a.set_storage(0.into(), 0x1234.into());
@@ -581,12 +682,12 @@ mod tests {
 		a.commit_storage(&Default::default(), &mut db).unwrap();
 		a.set_storage(1.into(), 0.into());
 		a.commit_storage(&Default::default(), &mut db).unwrap();
-		assert_eq!(*a.storage_root().unwrap(), "c57e1afb758b07f8d2c8f13a3b6e44fa5ff94ab266facc5a4fd3f062426e50b2".into());
+		assert_eq!(a.storage_root().unwrap(), "c57e1afb758b07f8d2c8f13a3b6e44fa5ff94ab266facc5a4fd3f062426e50b2".into());
 	}
 
 	#[test]
 	fn commit_code() {
-		let mut a = Account::new_contract(69.into(), 0.into());
+		let mut a = Account::new_contract(69.into(), 0.into(), KECCAK_NULL_RLP);
 		let mut db = MemoryDB::new();
 		let mut db = AccountDBMut::new(&mut db, &Address::new());
 		a.init_code(vec![0x55, 0x44, 0xffu8]);
@@ -598,7 +699,7 @@ mod tests {
 
 	#[test]
 	fn reset_code() {
-		let mut a = Account::new_contract(69.into(), 0.into());
+		let mut a = Account::new_contract(69.into(), 0.into(), KECCAK_NULL_RLP);
 		let mut db = MemoryDB::new();
 		let mut db = AccountDBMut::new(&mut db, &Address::new());
 		a.init_code(vec![0x55, 0x44, 0xffu8]);
@@ -629,7 +730,7 @@ mod tests {
 		assert_eq!(*a.balance(), 69u8.into());
 		assert_eq!(*a.nonce(), 0u8.into());
 		assert_eq!(a.code_hash(), KECCAK_EMPTY);
-		assert_eq!(a.storage_root().unwrap(), &KECCAK_NULL_RLP);
+		assert_eq!(a.storage_root().unwrap(), KECCAK_NULL_RLP);
 	}
 
 	#[test]
diff --git a/ethcore/src/state/mod.rs b/ethcore/src/state/mod.rs
index 323e11ccb2b..fb843c9cc2e 100644
--- a/ethcore/src/state/mod.rs
+++ b/ethcore/src/state/mod.rs
@@ -181,6 +181,8 @@ impl AccountEntry {
 			Some(acc) => {
 				if let Some(ref mut ours) = self.account {
 					ours.overwrite_with(acc);
+				} else {
+					self.account = Some(acc);
 				}
 			},
 			None => self.account = None,
@@ -401,9 +403,12 @@ impl<B: Backend> State<B> {
 		self.factories.vm.clone()
 	}
 
-	/// Create a recoverable checkpoint of this state.
-	pub fn checkpoint(&mut self) {
-		self.checkpoints.get_mut().push(HashMap::new());
+	/// Create a recoverable checkpoint of this state. Return the checkpoint index.
+	pub fn checkpoint(&mut self) -> usize {
+		let checkpoints = self.checkpoints.get_mut();
+		let index = checkpoints.len();
+		checkpoints.push(HashMap::new());
+		index
 	}
 
 	/// Merge last checkpoint with previous.
@@ -416,7 +421,16 @@ impl<B: Backend> State<B> {
 					**prev = checkpoint;
 				} else {
 					for (k, v) in checkpoint.drain() {
-						prev.entry(k).or_insert(v);
+						match prev.entry(k) {
+							Entry::Occupied(mut e) => {
+								if e.get().is_none() {
+									e.insert(v);
+								}
+							},
+							Entry::Vacant(e) => {
+								e.insert(v);
+							}
+						}
 					}
 				}
 			}
@@ -494,8 +508,10 @@ impl<B: Backend> State<B> {
 
 	/// Create a new contract at address `contract`. If there is already an account at the address
 	/// it will have its code reset, ready for `init_code()`.
-	pub fn new_contract(&mut self, contract: &Address, balance: U256, nonce_offset: U256) {
-		self.insert_cache(contract, AccountEntry::new_dirty(Some(Account::new_contract(balance, self.account_start_nonce + nonce_offset))));
+	pub fn new_contract(&mut self, contract: &Address, balance: U256, nonce_offset: U256) -> TrieResult<()> {
+		let original_storage_root = self.original_storage_root(contract)?;
+		self.insert_cache(contract, AccountEntry::new_dirty(Some(Account::new_contract(balance, self.account_start_nonce + nonce_offset, original_storage_root))));
+		Ok(())
 	}
 
 	/// Remove an existing account.
@@ -536,11 +552,84 @@ impl<B: Backend> State<B> {
 	/// Get the storage root of account `a`.
 	pub fn storage_root(&self, a: &Address) -> TrieResult<Option<H256>> {
 		self.ensure_cached(a, RequireCache::None, true,
-			|a| a.as_ref().and_then(|account| account.storage_root().cloned()))
+			|a| a.as_ref().and_then(|account| account.storage_root()))
 	}
 
-	/// Mutate storage of account `address` so that it is `value` for `key`.
-	pub fn storage_at(&self, address: &Address, key: &H256) -> TrieResult<H256> {
+	/// Get the original storage root since last commit of account `a`.
+	pub fn original_storage_root(&self, a: &Address) -> TrieResult<H256> {
+		Ok(self.ensure_cached(a, RequireCache::None, true,
+			|a| a.as_ref().map(|account| account.original_storage_root()))?
+			.unwrap_or(KECCAK_NULL_RLP))
+	}
+
+	/// Get the value of storage at a specific checkpoint.
+	pub fn checkpoint_storage_at(&self, checkpoint_index: usize, address: &Address, key: &H256) -> TrieResult<Option<H256>> {
+		enum ReturnKind {
+			/// Use original storage at value at this address.
+			OriginalAt,
+			/// Use the downward checkpoint value.
+			Downward,
+		}
+
+		let (checkpoints_len, kind) = {
+			let checkpoints = self.checkpoints.borrow();
+			let checkpoints_len = checkpoints.len();
+			let checkpoint = match checkpoints.get(checkpoint_index) {
+				Some(checkpoint) => checkpoint,
+				// The checkpoint was not found. Return None.
+				None => return Ok(None),
+			};
+
+			let kind = match checkpoint.get(address) {
+				// The account exists at this checkpoint.
+				Some(Some(AccountEntry { account: Some(ref account), .. })) => {
+					if let Some(value) = account.cached_storage_at(key) {
+						return Ok(Some(value));
+					} else {
+						// This account has checkpoint entry, but the key is not in the entry's cache. We can use
+						// original_storage_at if current account's original storage root is the same as checkpoint
+						// account's original storage root. Otherwise, the account must be a newly created contract.
+						if account.base_storage_root() == self.original_storage_root(address)? {
+							ReturnKind::OriginalAt
+						} else {
+							// If account base storage root is different from the original storage root since last
+							// commit, then it can only be created from a new contract, where the base storage root
+							// would always be empty. Note that this branch is actually never called, because
+							// `cached_storage_at` handled this case.
+							warn!("Trying to get an account's cached storage value, but base storage root does not equal to original storage root! Assuming the value is empty.");
+							return Ok(Some(H256::new()));
+						}
+					}
+				},
+				// The account didn't exist at that point. Return empty value.
+				Some(Some(AccountEntry { account: None, .. })) => return Ok(Some(H256::new())),
+				// The value was not cached at that checkpoint, meaning it was not modified at all.
+				Some(None) => ReturnKind::OriginalAt,
+				// This key does not have a checkpoint entry.
+				None => ReturnKind::Downward,
+			};
+
+			(checkpoints_len, kind)
+		};
+
+		match kind {
+			ReturnKind::Downward => {
+				if checkpoint_index >= checkpoints_len - 1 {
+					Ok(Some(self.storage_at(address, key)?))
+				} else {
+					self.checkpoint_storage_at(checkpoint_index + 1, address, key)
+				}
+			},
+			ReturnKind::OriginalAt => Ok(Some(self.original_storage_at(address, key)?)),
+		}
+	}
+
+	fn storage_at_inner<FCachedStorageAt, FStorageAt>(
+		&self, address: &Address, key: &H256, f_cached_at: FCachedStorageAt, f_at: FStorageAt,
+	) -> TrieResult<H256> where
+		FCachedStorageAt: Fn(&Account, &H256) -> Option<H256>,
+		FStorageAt: Fn(&Account, &HashDB<KeccakHasher>, &H256) -> TrieResult<H256>
+	{
 		// Storage key search and update works like this:
 		// 1. If there's an entry for the account in the local cache check for the key and return it if found.
 		// 2. If there's an entry for the account in the global cache check for the key or load it into that account.
@@ -553,7 +642,7 @@ impl<B: Backend> State<B> {
 			if let Some(maybe_acc) = local_cache.get(address) {
 				match maybe_acc.account {
 					Some(ref account) => {
-						if let Some(value) = account.cached_storage_at(key) {
+						if let Some(value) = f_cached_at(account, key) {
 							return Ok(value);
 						} else {
 							local_account = Some(maybe_acc);
@@ -567,7 +656,7 @@ impl<B: Backend> State<B> {
 				None => Ok(H256::new()),
 				Some(a) => {
 					let account_db = self.factories.accountdb.readonly(self.db.as_hashdb(), a.address_hash(address));
-					a.storage_at(account_db.as_hashdb(), key)
+					f_at(a, account_db.as_hashdb(), key)
 				}
 			});
 
@@ -579,7 +668,7 @@ impl<B: Backend> State<B> {
 			if let Some(ref mut acc) = local_account {
 				if let Some(ref account) = acc.account {
 					let account_db = self.factories.accountdb.readonly(self.db.as_hashdb(), account.address_hash(address));
-					return account.storage_at(account_db.as_hashdb(), key)
+					return f_at(account, account_db.as_hashdb(), key)
 				} else {
 					return Ok(H256::new())
 				}
@@ -595,12 +684,32 @@ impl<B: Backend> State<B> {
 		let maybe_acc = db.get_with(address, from_rlp)?;
 		let r = maybe_acc.as_ref().map_or(Ok(H256::new()), |a| {
 			let account_db = self.factories.accountdb.readonly(self.db.as_hashdb(), a.address_hash(address));
-			a.storage_at(account_db.as_hashdb(), key)
+			f_at(a, account_db.as_hashdb(), key)
 		});
 		self.insert_cache(address, AccountEntry::new_clean(maybe_acc));
 		r
 	}
 
+	/// Mutate storage of account `address` so that it is `value` for `key`.
+	pub fn storage_at(&self, address: &Address, key: &H256) -> TrieResult<H256> {
+		self.storage_at_inner(
+			address,
+			key,
+			|account, key| { account.cached_storage_at(key) },
+			|account, db, key| { account.storage_at(db, key) },
+		)
+	}
+
+	/// Get the value of storage after last state commitment.
+	pub fn original_storage_at(&self, address: &Address, key: &H256) -> TrieResult<H256> {
+		self.storage_at_inner(
+			address,
+			key,
+			|account, key| { account.cached_original_storage_at(key) },
+			|account, db, key| { account.original_storage_at(db, key) },
+		)
+	}
+
 	/// Get accounts' code.
 	pub fn code(&self, a: &Address) -> TrieResult<Option<Arc<Bytes>>> {
 		self.ensure_cached(a, RequireCache::Code, true,
@@ -671,13 +780,13 @@ impl<B: Backend> State<B> {
 	/// Initialise the code of account `a` so that it is `code`.
 	/// NOTE: Account should have been created with `new_contract`.
 	pub fn init_code(&mut self, a: &Address, code: Bytes) -> TrieResult<()> {
-		self.require_or_from(a, true, || Account::new_contract(0.into(), self.account_start_nonce), |_|{})?.init_code(code);
+		self.require_or_from(a, true, || Account::new_contract(0.into(), self.account_start_nonce, KECCAK_NULL_RLP), |_| {})?.init_code(code);
 		Ok(())
 	}
 
 	/// Reset the code of account `a` so that it is `code`.
 	pub fn reset_code(&mut self, a: &Address, code: Bytes) -> TrieResult<()> {
-		self.require_or_from(a, true, || Account::new_contract(0.into(), self.account_start_nonce), |_|{})?.reset_code(code);
+		self.require_or_from(a, true, || Account::new_contract(0.into(), self.account_start_nonce, KECCAK_NULL_RLP), |_| {})?.reset_code(code);
 		Ok(())
 	}
 
@@ -761,6 +870,7 @@ impl<B: Backend> State<B> {
 
 	/// Commits our cached account changes into the trie.
 	pub fn commit(&mut self) -> Result<(), Error> {
+		assert!(self.checkpoints.borrow().is_empty());
 		// first, commit the sub trees.
 		let mut accounts = self.cache.borrow_mut();
 		for (address, ref mut a) in accounts.iter_mut().filter(|&(_, ref a)| a.is_dirty()) {
@@ -806,6 +916,7 @@ impl<B: Backend> State<B> {
 
 	/// Clear state cache
 	pub fn clear(&mut self) {
+		assert!(self.checkpoints.borrow().is_empty());
 		self.cache.borrow_mut().clear();
 	}
 
@@ -1000,7 +1111,7 @@ impl<B: Backend> State<B> {
 
 	/// Pull account `a` in our cache from the trie DB. `require_code` requires that the code be cached, too.
 	fn require<'a>(&'a self, a: &Address, require_code: bool) -> TrieResult<RefMut<'a, Account>> {
-		self.require_or_from(a, require_code, || Account::new_basic(0u8.into(), self.account_start_nonce), |_|{})
+		self.require_or_from(a, require_code, || Account::new_basic(0u8.into(), self.account_start_nonce), |_| {})
 	}
 
 	/// Pull account `a` in our cache from the trie DB. `require_code` requires that the code be cached, too.
@@ -1140,7 +1251,7 @@ mod tests {
 	use std::sync::Arc;
 	use std::str::FromStr;
 	use rustc_hex::FromHex;
-	use hash::keccak;
+	use hash::{keccak, KECCAK_NULL_RLP};
 	use super::*;
 	use ethkey::Secret;
 	use ethereum_types::{H256, U256, Address};
@@ -1992,7 +2103,7 @@ mod tests {
 		let a = Address::zero();
 		let (root, db) = {
 			let mut state = get_temp_state();
-			state.require_or_from(&a, false, ||Account::new_contract(42.into(), 0.into()), |_|{}).unwrap();
+			state.require_or_from(&a, false, || Account::new_contract(42.into(), 0.into(), KECCAK_NULL_RLP), |_|{}).unwrap();
 			state.init_code(&a, vec![1, 2, 3]).unwrap();
 			assert_eq!(state.code(&a).unwrap(), Some(Arc::new(vec![1u8, 2, 3])));
 			state.commit().unwrap();
@@ -2196,6 +2307,161 @@ mod tests {
 		assert_eq!(state.balance(&a).unwrap(), U256::from(0));
 	}
 
+	#[test]
+	fn checkpoint_revert_to_get_storage_at() {
+		let mut state = get_temp_state();
+		let a = Address::zero();
+		let k = H256::from(U256::from(0));
+
+		let c0 = state.checkpoint();
+		let c1 = state.checkpoint();
+		state.set_storage(&a, k, H256::from(U256::from(1))).unwrap();
+
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.storage_at(&a, &k).unwrap(), H256::from(U256::from(1)));
+
+		state.revert_to_checkpoint(); // Revert to c1.
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.storage_at(&a, &k).unwrap(), H256::from(U256::from(0)));
+	}
+
+	#[test]
+	fn checkpoint_from_empty_get_storage_at() {
+		let mut state = get_temp_state();
+		let a = Address::zero();
+		let k = H256::from(U256::from(0));
+		let k2 = H256::from(U256::from(1));
+
+		assert_eq!(state.storage_at(&a, &k).unwrap(), H256::from(U256::from(0)));
+		state.clear();
+
+		let c0 = state.checkpoint();
+		state.new_contract(&a, U256::zero(), U256::zero()).unwrap();
+		let c1 = state.checkpoint();
+		state.set_storage(&a, k, H256::from(U256::from(1))).unwrap();
+		let c2 = state.checkpoint();
+		let c3 = state.checkpoint();
+		state.set_storage(&a, k2, H256::from(U256::from(3))).unwrap();
+		state.set_storage(&a, k, H256::from(U256::from(3))).unwrap();
+		let c4 = state.checkpoint();
+		state.set_storage(&a, k, H256::from(U256::from(4))).unwrap();
+		let c5 = state.checkpoint();
+
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c2, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c3, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c4, &a, &k).unwrap(), Some(H256::from(U256::from(3))));
+		assert_eq!(state.checkpoint_storage_at(c5, &a, &k).unwrap(), Some(H256::from(U256::from(4))));
+
+		state.discard_checkpoint(); // Commit/discard c5.
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c2, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c3, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c4, &a, &k).unwrap(), Some(H256::from(U256::from(3))));
+
+		state.revert_to_checkpoint(); // Revert to c4.
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c2, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c3, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+
+		state.discard_checkpoint(); // Commit/discard c3.
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c2, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+
+		state.revert_to_checkpoint(); // Revert to c2.
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+
+		state.discard_checkpoint(); // Commit/discard c1.
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+	}
+
+	#[test]
+	fn checkpoint_get_storage_at() {
+		let mut state = get_temp_state();
+		let a = Address::zero();
+		let k = H256::from(U256::from(0));
+		let k2 = H256::from(U256::from(1));
+
+		state.set_storage(&a, k, H256::from(U256::from(0xffff))).unwrap();
+		state.commit().unwrap();
+		state.clear();
+
+		assert_eq!(state.storage_at(&a, &k).unwrap(), H256::from(U256::from(0xffff)));
+		state.clear();
+
+		let cm1 = state.checkpoint();
+		let c0 = state.checkpoint();
+		state.new_contract(&a, U256::zero(), U256::zero()).unwrap();
+		let c1 = state.checkpoint();
+		state.set_storage(&a, k, H256::from(U256::from(1))).unwrap();
+		let c2 = state.checkpoint();
+		let c3 = state.checkpoint();
+		state.set_storage(&a, k2, H256::from(U256::from(3))).unwrap();
+		state.set_storage(&a, k, H256::from(U256::from(3))).unwrap();
+		let c4 = state.checkpoint();
+		state.set_storage(&a, k, H256::from(U256::from(4))).unwrap();
+		let c5 = state.checkpoint();
+
+		assert_eq!(state.checkpoint_storage_at(cm1, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c2, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c3, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c4, &a, &k).unwrap(), Some(H256::from(U256::from(3))));
+		assert_eq!(state.checkpoint_storage_at(c5, &a, &k).unwrap(), Some(H256::from(U256::from(4))));
+
+		state.discard_checkpoint(); // Commit/discard c5.
+		assert_eq!(state.checkpoint_storage_at(cm1, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c2, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c3, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c4, &a, &k).unwrap(), Some(H256::from(U256::from(3))));
+
+		state.revert_to_checkpoint(); // Revert to c4.
+		assert_eq!(state.checkpoint_storage_at(cm1, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c2, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+		assert_eq!(state.checkpoint_storage_at(c3, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+
+		state.discard_checkpoint(); // Commit/discard c3.
+		assert_eq!(state.checkpoint_storage_at(cm1, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+		assert_eq!(state.checkpoint_storage_at(c2, &a, &k).unwrap(), Some(H256::from(U256::from(1))));
+
+		state.revert_to_checkpoint(); // Revert to c2.
+		assert_eq!(state.checkpoint_storage_at(cm1, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c1, &a, &k).unwrap(), Some(H256::from(U256::from(0))));
+
+		state.discard_checkpoint(); // Commit/discard c1.
+		assert_eq!(state.checkpoint_storage_at(cm1, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+		assert_eq!(state.checkpoint_storage_at(c0, &a, &k).unwrap(), Some(H256::from(U256::from(0xffff))));
+	}
+
+	#[test]
+	fn kill_account_with_checkpoints() {
+		let mut state = get_temp_state();
+		let a = Address::zero();
+		let k = H256::from(U256::from(0));
+		state.checkpoint();
+		state.set_storage(&a, k, H256::from(U256::from(1))).unwrap();
+		state.checkpoint();
+		state.kill_account(&a);
+
+		assert_eq!(state.storage_at(&a, &k).unwrap(), H256::from(U256::from(0)));
+		state.revert_to_checkpoint();
+		assert_eq!(state.storage_at(&a, &k).unwrap(), H256::from(U256::from(1)));
+	}
+
 	#[test]
 	fn create_empty() {
 		let mut state = get_temp_state();
@@ -2233,7 +2499,7 @@ mod tests {
 			state.add_balance(&b, &100.into(), CleanupMode::ForceCreate).unwrap(); // create a dust account
 			state.add_balance(&c, &101.into(), CleanupMode::ForceCreate).unwrap(); // create a normal account
 			state.add_balance(&d, &99.into(), CleanupMode::ForceCreate).unwrap(); // create another dust account
-			state.new_contract(&e, 100.into(), 1.into()); // create a contract account
+			state.new_contract(&e, 100.into(), 1.into()).unwrap(); // create a contract account
 			state.init_code(&e, vec![0x00]).unwrap();
 			state.commit().unwrap();
 			state.drop()
diff --git a/ethcore/src/state/substate.rs b/ethcore/src/state/substate.rs
index c2f3c62dcb5..054b8b384bb 100644
--- a/ethcore/src/state/substate.rs
+++ b/ethcore/src/state/substate.rs
@@ -34,8 +34,8 @@ pub struct Substate {
 	/// Any logs.
 	pub logs: Vec<LogEntry>,
 
-	/// Refund counter of SSTORE nonzero -> zero.
-	pub sstore_clears_count: U256,
+	/// Refund counter of SSTORE.
+	pub sstore_clears_refund: U256,
 
 	/// Created contracts.
 	pub contracts_created: Vec<Address>,
@@ -52,7 +52,7 @@ impl Substate {
 		self.suicides.extend(s.suicides);
 		self.touched.extend(s.touched);
 		self.logs.extend(s.logs);
-		self.sstore_clears_count = self.sstore_clears_count + s.sstore_clears_count;
+		self.sstore_clears_refund = self.sstore_clears_refund + s.sstore_clears_refund;
 		self.contracts_created.extend(s.contracts_created);
 	}
 
@@ -86,7 +86,7 @@ mod tests {
 			topics: vec![],
 			data: vec![]
 		});
-		sub_state.sstore_clears_count = 5.into();
+		sub_state.sstore_clears_refund = (15000 * 5).into();
 		sub_state.suicides.insert(10u64.into());
 
 		let mut sub_state_2 = Substate::new();
@@ -96,11 +96,11 @@ mod tests {
 			topics: vec![],
 			data: vec![]
 		});
-		sub_state_2.sstore_clears_count = 7.into();
+		sub_state_2.sstore_clears_refund = (15000 * 7).into();
 
 		sub_state.accrue(sub_state_2);
 		assert_eq!(sub_state.contracts_created.len(), 2);
-		assert_eq!(sub_state.sstore_clears_count, 12.into());
+		assert_eq!(sub_state.sstore_clears_refund, (15000 * 12).into());
 		assert_eq!(sub_state.suicides.len(), 1);
 	}
 }
diff --git a/ethcore/vm/src/ext.rs b/ethcore/vm/src/ext.rs
index d95573c3c75..168640593b8 100644
--- a/ethcore/vm/src/ext.rs
+++ b/ethcore/vm/src/ext.rs
@@ -63,6 +63,9 @@ pub enum CreateContractAddress {
 
 /// Externalities interface for EVMs
 pub trait Ext {
+	/// Returns the storage value for a given key if reversion happens on the current transaction.
+	fn initial_storage_at(&self, key: &H256) -> Result<H256>;
+
 	/// Returns a value for given key.
 	fn storage_at(&self, key: &H256) -> Result<H256>;
 
@@ -136,8 +139,11 @@ pub trait Ext {
 	/// then A depth is 0, B is 1, C is 2 and so on.
 	fn depth(&self) -> usize;
 
-	/// Increments sstore refunds count by 1.
-	fn inc_sstore_clears(&mut self);
+	/// Increments sstore refunds counter.
+	fn add_sstore_refund(&mut self, value: U256);
+
+	/// Decrements sstore refunds counter.
+	fn sub_sstore_refund(&mut self, value: U256);
 
 	/// Decide if any more operations should be traced. Passthrough for the VM trace.
 	fn trace_next_instruction(&mut self, _pc: usize, _instruction: u8, _current_gas: U256) -> bool { false }
diff --git a/ethcore/vm/src/schedule.rs b/ethcore/vm/src/schedule.rs
index b3d71457ebe..462e96b3250 100644
--- a/ethcore/vm/src/schedule.rs
+++ b/ethcore/vm/src/schedule.rs
@@ -117,6 +117,8 @@ pub struct Schedule {
 	pub have_bitwise_shifting: bool,
 	/// Kill basic accounts below this balance if touched.
 	pub kill_dust: CleanDustMode,
+	/// Enable EIP-1283 rules
+	pub eip1283: bool,
 	/// VM execution does not increase null signed address nonce if this field is true.
 	pub keep_unsigned_nonce: bool,
 	/// Wasm extra schedule settings, if wasm activated
@@ -250,6 +252,7 @@ impl Schedule {
 			blockhash_gas: 20,
 			have_static_call: false,
 			kill_dust: CleanDustMode::Off,
+			eip1283: false,
 			keep_unsigned_nonce: false,
 			wasm: None,
 		}
@@ -323,6 +326,7 @@ impl Schedule {
 			blockhash_gas: 20,
 			have_static_call: false,
 			kill_dust: CleanDustMode::Off,
+			eip1283: false,
 			keep_unsigned_nonce: false,
 			wasm: None,
 		}
diff --git a/ethcore/vm/src/tests.rs b/ethcore/vm/src/tests.rs
index 3dac7448482..b6e44f000e4 100644
--- a/ethcore/vm/src/tests.rs
+++ b/ethcore/vm/src/tests.rs
@@ -56,7 +56,7 @@ pub struct FakeExt {
 	pub store: HashMap<H256, H256>,
 	pub suicides: HashSet<Address>,
 	pub calls: HashSet<FakeCall>,
-	pub sstore_clears: usize,
+	pub sstore_clears: U256,
 	pub depth: usize,
 	pub blockhashes: HashMap<U256, H256>,
 	pub codes: HashMap<Address, Arc<Bytes>>,
@@ -105,6 +105,10 @@ impl FakeExt {
 }
 
 impl Ext for FakeExt {
+	fn initial_storage_at(&self, _key: &H256) -> Result<H256> {
+		Ok(H256::new())
+	}
+
 	fn storage_at(&self, key: &H256) -> Result<H256> {
 		Ok(self.store.get(key).unwrap_or(&H256::new()).clone())
 	}
@@ -216,8 +220,12 @@ impl Ext for FakeExt {
 		self.is_static
 	}
 
-	fn inc_sstore_clears(&mut self) {
-		self.sstore_clears += 1;
+	fn add_sstore_refund(&mut self, value: U256) {
+		self.sstore_clears = self.sstore_clears + value;
+	}
+
+	fn sub_sstore_refund(&mut self, value: U256) {
+		self.sstore_clears = self.sstore_clears - value;
 	}
 
 	fn trace_next_instruction(&mut self, _pc: usize, _instruction: u8, _gas: U256) -> bool {
diff --git a/ethcore/wasm/src/runtime.rs b/ethcore/wasm/src/runtime.rs
index 3c5d27d5c19..41c0d950da4 100644
--- a/ethcore/wasm/src/runtime.rs
+++ b/ethcore/wasm/src/runtime.rs
@@ -285,7 +285,8 @@ impl<'a> Runtime<'a> {
 		self.ext.set_storage(key, val).map_err(|_| Error::StorageUpdateError)?;
 
 		if former_val != H256::zero() && val == H256::zero() {
-			self.ext.inc_sstore_clears();
+			let sstore_clears_schedule = U256::from(self.schedule().sstore_refund_gas);
+			self.ext.add_sstore_refund(sstore_clears_schedule);
 		}
 
 		Ok(())
diff --git a/json/src/spec/params.rs b/json/src/spec/params.rs
index 4210bbe4586..ea0a55d49aa 100644
--- a/json/src/spec/params.rs
+++ b/json/src/spec/params.rs
@@ -109,6 +109,8 @@ pub struct Params {
 	#[serde(rename="eip1052Transition")]
 	pub eip1052_transition: Option<Uint>,
 	/// See `CommonParams` docs.
+	#[serde(rename="eip1283Transition")]
+	pub eip1283_transition: Option<Uint>,
 	#[serde(rename="eip1014Transition")]
 	pub eip1014_transition: Option<Uint>,
 	/// See `CommonParams` docs.