diff --git a/lib/node.js b/lib/node.js
index a948299..f1f7516 100644
--- a/lib/node.js
+++ b/lib/node.js
@@ -736,31 +736,11 @@ Node.prototype.setWatches = function()
 	}, PING_INTERVAL);
 }
 
-Node.prototype.installContract = function()
-{
-	var start = _.now();
-
-	try {
-		Contract = web3.eth.contract( registrar.desc );
-		this._Registrar = new Contract( registrar.address );
-
-		console.success('Installed Registrar contract in', chalk.reset.cyan(_.now() - start, 'ms'));
-	}
-	catch (err)
-	{
-		console.error("!!!", "eth", "Couldn't set up registrar contract");
-		console.error(err);
-	}
-}
-
 Node.prototype.init = function()
 {
 	// Fetch node info
 	this.getInfo();
 
-	// Install Registrar contract
-	this.installContract();
-
 	// Start socket connection
 	this.startSocketConnection();
 
diff --git a/package.json b/package.json
index 9aa8ca5..77c9b16 100644
--- a/package.json
+++ b/package.json
@@ -17,7 +17,7 @@
     "primus-emit": "0.1.2",
     "primus-spark-latency": "0.1.1",
     "shelljs": "0.4.0",
-    "web3": "0.3.4",
+    "web3": "0.4.3",
     "ws": "0.7.1"
   },
   "scripts": {