diff --git a/Cargo.toml b/Cargo.toml
index 1ed86c0e54..6be87ed520 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -28,6 +28,7 @@ frame-system = { git = "https://github.com/paritytech/substrate/", package = "fr
 pallet-balances = { git = "https://github.com/paritytech/substrate/", package = "pallet-balances" }
 pallet-contracts = { git = "https://github.com/paritytech/substrate/", package = "pallet-contracts" }
 pallet-indices = { git = "https://github.com/paritytech/substrate/", package = "pallet-indices" }
+hex = "0.4.0"
 sc-rpc-api = { git = "https://github.com/paritytech/substrate/", package = "sc-rpc-api" }
 sp-rpc = { git = "https://github.com/paritytech/substrate/", package = "sp-rpc" }
 sp-core = { git = "https://github.com/paritytech/substrate/", package = "sp-core" }
diff --git a/src/events.rs b/src/events.rs
index e01649693d..64b53fb47b 100644
--- a/src/events.rs
+++ b/src/events.rs
@@ -201,7 +201,7 @@ impl<T: System + Balances + 'static> EventsDecoder<T> {
                     if let Some(size) = self.type_sizes.get(name) {
                         let mut buf = vec![0; *size];
                         input.read(&mut buf)?;
-                        buf.encode_to(output);
+                        output.write(&buf);
                     } else {
                         return Err(EventsError::TypeSizeUnavailable(name.to_owned()))
                     }
@@ -231,11 +231,6 @@ impl<T: System + Balances + 'static> EventsDecoder<T> {
             } else {
                 let event_variant = input.read_byte()? as u8;
                 let event_metadata = module.event(event_variant)?;
-                log::debug!(
-                    "decoding event '{}::{}'",
-                    module.name(),
-                    event_metadata.name
-                );
 
                 let mut event_data = Vec::<u8>::new();
                 self.decode_raw_bytes(
@@ -243,6 +238,14 @@ impl<T: System + Balances + 'static> EventsDecoder<T> {
                     input,
                     &mut event_data,
                 )?;
+
+                log::debug!(
+                    "received event '{}::{}', raw bytes: {}",
+                    module.name(),
+                    event_metadata.name,
+                    hex::encode(&event_data),
+                );
+
                 RuntimeEvent::Raw(RawEvent {
                     module: module.name().to_string(),
                     variant: event_metadata.name.clone(),
diff --git a/src/frame/contracts.rs b/src/frame/contracts.rs
index 21c9b076d0..d9b3a1a9b6 100644
--- a/src/frame/contracts.rs
+++ b/src/frame/contracts.rs
@@ -24,9 +24,18 @@ use crate::frame::{
 use codec::Encode;
 
 const MODULE: &str = "Contracts";
-const PUT_CODE: &str = "put_code";
-const CREATE: &str = "create";
-const CALL: &str = "call";
+
+mod calls {
+    pub const PUT_CODE: &str = "put_code";
+    pub const INSTANTIATE: &str = "instantiate";
+    pub const CALL: &str = "call";
+}
+
+#[allow(unused)]
+mod events {
+    pub const CODE_STORED: &str = "CodeStored";
+    pub const INSTANTIATED: &str = "Instantiated";
+}
 
 /// Gas units are chosen to be represented by u64 so that gas metering
 /// instructions can operate on them efficiently.
@@ -45,7 +54,8 @@ pub struct PutCodeArgs {
 
 /// Arguments for creating an instance of a contract
 #[derive(Encode)]
-pub struct CreateArgs<T: Contracts> {
+pub struct InstantiateArgs<T: Contracts> {
+    #[codec(compact)]
     endowment: <T as Balances>::Balance,
     #[codec(compact)]
     gas_limit: Gas,
@@ -67,7 +77,7 @@ pub struct CallArgs<T: Contracts> {
 /// its `codehash`.
 /// You can instantiate contracts only with stored code.
 pub fn put_code(gas_limit: Gas, code: Vec<u8>) -> Call<PutCodeArgs> {
-    Call::new(MODULE, PUT_CODE, PutCodeArgs { gas_limit, code })
+    Call::new(MODULE, calls::PUT_CODE, PutCodeArgs { gas_limit, code })
 }
 
 /// Creates a new contract from the `codehash` generated by `put_code`,
@@ -77,22 +87,22 @@ pub fn put_code(gas_limit: Gas, code: Vec<u8>) -> Call<PutCodeArgs> {
 ///
 /// - The destination address is computed based on the sender and hash of
 /// the code.
-/// - The smart-contract account is created at the computed address.
-/// - The `ctor_code` is executed in the context of the newly-created
+/// - The smart-contract account is instantiated at the computed address.
+/// - The `ctor_code` is executed in the context of the newly-instantiated
 /// account. Buffer returned after the execution is saved as the `code`https://www.bbc.co.uk/
 /// of the account. That code will be invoked upon any call received by
 /// this account.
 /// - The contract is initialized.
-pub fn create<T: Contracts>(
+pub fn instantiate<T: Contracts>(
     endowment: <T as Balances>::Balance,
     gas_limit: Gas,
     code_hash: <T as System>::Hash,
     data: Vec<u8>,
-) -> Call<CreateArgs<T>> {
+) -> Call<InstantiateArgs<T>> {
     Call::new(
         MODULE,
-        CREATE,
-        CreateArgs {
+        calls::INSTANTIATE,
+        InstantiateArgs {
             endowment,
             gas_limit,
             code_hash,
@@ -117,7 +127,7 @@ pub fn call<T: Contracts>(
 ) -> Call<CallArgs<T>> {
     Call::new(
         MODULE,
-        CALL,
+        calls::CALL,
         CallArgs {
             dest,
             value,
@@ -126,3 +136,114 @@ pub fn call<T: Contracts>(
         },
     )
 }
+
+#[cfg(test)]
+mod tests {
+    use codec::{
+        Codec,
+        Error as CodecError,
+    };
+    use futures::Future;
+    use sp_core::Pair;
+    use sp_keyring::AccountKeyring;
+    use sp_runtime::traits::{
+        IdentifyAccount,
+        Verify,
+    };
+
+    use super::events;
+    use crate::{
+        frame::contracts::MODULE,
+        tests::test_setup,
+        Balances,
+        Client,
+        DefaultNodeRuntime as Runtime,
+        Error,
+        System,
+    };
+
+    type AccountId = <Runtime as System>::AccountId;
+
+    fn put_code<T, P, S>(
+        client: &Client<T, S>,
+        signer: P,
+    ) -> impl Future<Item = Option<Result<T::Hash, CodecError>>, Error = Error>
+    where
+        T: System + Balances + Send + Sync,
+        T::Address: From<T::AccountId>,
+        P: Pair,
+        P::Signature: Codec,
+        S: 'static,
+        S: Verify + Codec + From<P::Signature>,
+        S::Signer: From<P::Public> + IdentifyAccount<AccountId = T::AccountId>,
+    {
+        const CONTRACT: &str = r#"
+(module
+    (func (export "call"))
+    (func (export "deploy"))
+)
+"#;
+        let wasm = wabt::wat2wasm(CONTRACT).expect("invalid wabt");
+
+        client.xt(signer, None).and_then(|xt| {
+            xt.submit_and_watch(super::put_code(500_000, wasm))
+                .map(|result| result.find_event::<T::Hash>(MODULE, events::CODE_STORED))
+        })
+    }
+
+    #[test]
+    #[ignore] // requires locally running substrate node
+    fn tx_put_code() {
+        let (mut rt, client) = test_setup();
+
+        let signer = AccountKeyring::Alice.pair();
+        let code_hash = rt.block_on(put_code(&client, signer)).unwrap();
+
+        assert!(
+            code_hash.is_some(),
+            "Contracts CodeStored event should be present"
+        );
+        assert!(
+            code_hash.unwrap().is_ok(),
+            "CodeStored Hash should decode successfully"
+        );
+    }
+
+    #[test]
+    #[ignore] // requires locally running substrate node
+    fn tx_instantiate() {
+        let (mut rt, client) = test_setup();
+
+        let signer = AccountKeyring::Alice.pair();
+        let code_hash = rt
+            .block_on(put_code(&client, signer.clone()))
+            .unwrap()
+            .unwrap()
+            .unwrap();
+
+        println!("{:?}", code_hash);
+
+        let instantiate = client.xt(signer, None).and_then(move |xt| {
+            xt.submit_and_watch(super::instantiate::<Runtime>(
+                100_000_000_000_000,
+                500_000,
+                code_hash,
+                Vec::new(),
+            ))
+            .map(|result| {
+                result.find_event::<(AccountId, AccountId)>(MODULE, events::INSTANTIATED)
+            })
+        });
+
+        let result = rt.block_on(instantiate).unwrap();
+
+        assert!(
+            result.is_some(),
+            "Contracts Instantiated event should be present"
+        );
+        assert!(
+            result.unwrap().is_ok(),
+            "Instantiated Event should decode successfully"
+        );
+    }
+}
diff --git a/src/frame/system.rs b/src/frame/system.rs
index 36beaefae5..236d451dde 100644
--- a/src/frame/system.rs
+++ b/src/frame/system.rs
@@ -169,11 +169,13 @@ pub fn set_code(code: Vec<u8>) -> Call<SetCode> {
     Call::new(MODULE, SET_CODE, code)
 }
 
+use frame_support::weights::DispatchInfo;
+
 /// Event for the System module.
 #[derive(Clone, Debug, codec::Decode)]
 pub enum SystemEvent {
     /// An extrinsic completed successfully.
-    ExtrinsicSuccess(frame_support::weights::DispatchInfo),
+    ExtrinsicSuccess(DispatchInfo),
     /// An extrinsic failed.
-    ExtrinsicFailed(sp_runtime::DispatchError),
+    ExtrinsicFailed(sp_runtime::DispatchError, DispatchInfo),
 }
diff --git a/src/lib.rs b/src/lib.rs
index e2f283f9b9..b7265b38e9 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -421,7 +421,7 @@ mod tests {
     type Address = <Runtime as System>::Address;
     type Balance = <Runtime as Balances>::Balance;
 
-    fn test_setup() -> (tokio::runtime::Runtime, Client<Runtime>) {
+    pub(crate) fn test_setup() -> (tokio::runtime::Runtime, Client<Runtime>) {
         env_logger::try_init().ok();
         let mut rt = tokio::runtime::Runtime::new().unwrap();
         let client_future = ClientBuilder::<Runtime>::new().build();
@@ -450,41 +450,6 @@ mod tests {
         rt.block_on(transfer).unwrap();
     }
 
-    #[test]
-    #[ignore] // requires locally running substrate node
-    fn test_tx_contract_put_code() {
-        let (mut rt, client) = test_setup();
-
-        let signer = AccountKeyring::Alice.pair();
-        let xt = rt.block_on(client.xt(signer, None)).unwrap();
-
-        const CONTRACT: &str = r#"
-(module
-    (func (export "call"))
-    (func (export "deploy"))
-)
-"#;
-        let wasm = wabt::wat2wasm(CONTRACT).expect("invalid wabt");
-
-        let put_code = xt.submit_and_watch(contracts::put_code(500_000, wasm));
-
-        let success = rt
-            .block_on(put_code)
-            .expect("Extrinsic should be included in a block");
-
-        let code_hash =
-            success.find_event::<<Runtime as System>::Hash>("Contracts", "CodeStored");
-
-        assert!(
-            code_hash.is_some(),
-            "Contracts CodeStored event should be present"
-        );
-        assert!(
-            code_hash.unwrap().is_ok(),
-            "CodeStored Hash should decode successfully"
-        );
-    }
-
     #[test]
     #[ignore] // requires locally running substrate node
     fn test_getting_hash() {
diff --git a/src/rpc.rs b/src/rpc.rs
index 8473c19f67..f917a1146d 100644
--- a/src/rpc.rs
+++ b/src/rpc.rs
@@ -196,11 +196,20 @@ impl<T: System + Balances + 'static> Rpc<T> {
     {
         let mut storage_key = twox_128(b"System").to_vec();
         storage_key.extend(twox_128(b"Events").to_vec());
-        log::debug!("Events storage key {:?}", storage_key);
+        log::debug!("Events storage key {:?}", hex::encode(&storage_key));
 
         let closure: MapClosure<StorageChangeSet<<T as System>::Hash>> =
             Box::new(|event| {
-                log::info!("Event {:?}", event);
+                log::debug!(
+                    "Event {:?}",
+                    event
+                        .changes
+                        .iter()
+                        .map(|(k, v)| {
+                            (hex::encode(&k.0), v.as_ref().map(|v| hex::encode(&v.0)))
+                        })
+                        .collect::<Vec<_>>()
+                );
                 event
             });
         self.state