diff --git a/packages/bitcore-node/src/models/transaction.ts b/packages/bitcore-node/src/models/transaction.ts
index a5175ecb79f..529e45331fd 100644
--- a/packages/bitcore-node/src/models/transaction.ts
+++ b/packages/bitcore-node/src/models/transaction.ts
@@ -14,6 +14,30 @@ import * as lodash from 'lodash';
 
 const Chain = require('../chain');
 
+const addressCacheStore = {
+  list: [] as Array<any>,
+  map: new Map() as Map<any, string>
+};
+
+function getCachedAddress(chain: string, network: string, script: string){
+  const result = addressCacheStore.map.get(`${chain}:${network}:${script}`);
+  if (result) {
+    addressCacheStore.list.push(`${chain}:${network}:${script}`);
+    if (addressCacheStore.list.length > 10000) {
+      addressCacheStore.map.delete(addressCacheStore.list.shift());
+    }
+  }
+  return result;
+}
+
+function setCachedAddress(chain: string, network: string, script: any, address: any) {
+  addressCacheStore.map.set(`${chain}:${network}:${script}`, address);
+  addressCacheStore.list.push(`${chain}:${network}:${script}`);
+  if (addressCacheStore.list.length > 10000) {
+    addressCacheStore.map.delete(addressCacheStore.list.shift());
+  }
+}
+
 export type ITransaction = {
   txid: string;
   chain: string;
@@ -216,12 +240,18 @@ export class Transaction extends BaseModel<ITransaction> {
           continue;
         }
         let address = '';
-        let scriptBuffer = output.script && output.script.toBuffer();
-        if (scriptBuffer) {
-          address = output.script.toAddress(network).toString(true);
-          if (address === 'false' && output.script.classify() === 'Pay to public key') {
-            let hash = Chain[chain].lib.crypto.Hash.sha256ripemd160(output.script.chunks[0].buf);
-            address = Chain[chain].lib.Address(hash, network).toString(true);
+        if (output.script) {
+          const hexScript = output.script.toHex();
+          const cachedAddress = getCachedAddress(chain, network, hexScript);
+          if (cachedAddress) {
+            address = cachedAddress;
+          } else {
+            address = output.script.toAddress(network).toString(true);
+            if (address === 'false' && output.script.classify() === 'Pay to public key') {
+              let hash = Chain[chain].lib.crypto.Hash.sha256ripemd160(output.script.chunks[0].buf);
+              address = Chain[chain].lib.Address(hash, network).toString(true);
+            }
+            setCachedAddress(chain, network, output.script.toHex(), address);
           }
         }
 
@@ -242,7 +272,7 @@ export class Transaction extends BaseModel<ITransaction> {
                 mintHeight: height,
                 coinbase: isCoinbase,
                 value: output.satoshis,
-                script: scriptBuffer,
+                script: output.script.toBuffer(),
                 spentHeight: SpentHeightIndicators.unspent,
                 wallets: []
               }
diff --git a/packages/bitcore-node/src/types/namespaces/Bitcoin/Transaction.ts b/packages/bitcore-node/src/types/namespaces/Bitcoin/Transaction.ts
index eac4e493c70..cfe5aad00f0 100644
--- a/packages/bitcore-node/src/types/namespaces/Bitcoin/Transaction.ts
+++ b/packages/bitcore-node/src/types/namespaces/Bitcoin/Transaction.ts
@@ -3,6 +3,7 @@ export type BitcoinAddress = {
 };
 export type BitcoinScript = {
   toBuffer: () => Buffer;
+  toHex: () => string;
   classify: () => string;
   chunks: Array<{ buf: Buffer }>;
   toAddress: (network: string) => BitcoinAddress;