diff --git a/btcutil/block.go b/btcutil/block.go
index 7d38abc4a0..52c909192b 100644
--- a/btcutil/block.go
+++ b/btcutil/block.go
@@ -154,12 +154,26 @@ func (b *Block) Transactions() []*Tx {
 		b.transactions = make([]*Tx, len(b.msgBlock.Transactions))
 	}
 
+	// Offset of each tx.  80 accounts for the block header size.
+	offset := 80 + wire.VarIntSerializeSize(uint64(len(b.msgBlock.Transactions)))
+
 	// Generate and cache the wrapped transactions for all that haven't
 	// already been done.
 	for i, tx := range b.transactions {
 		if tx == nil {
 			newTx := NewTx(b.msgBlock.Transactions[i])
 			newTx.SetIndex(i)
+
+			size := b.msgBlock.Transactions[i].SerializeSize()
+
+			// The block may not always have the serializedBlock.
+			if len(b.serializedBlock) > 0 {
+				// This allows for the reuse of the already serialized tx.
+				newTx.setBytes(b.serializedBlock[offset : offset+size])
+
+				// Increment offset for this block.
+				offset += size
+			}
 			b.transactions[i] = newTx
 		}
 	}
@@ -234,6 +248,9 @@ func NewBlockFromBytes(serializedBlock []byte) (*Block, error) {
 		return nil, err
 	}
 	b.serializedBlock = serializedBlock
+	// This initializes []btcutil.Tx to have the serialized raw transactions cached.
+	// Helps speed up things like generating the txhash.
+	b.Transactions()
 	return b, nil
 }
 
@@ -257,9 +274,13 @@ func NewBlockFromReader(r io.Reader) (*Block, error) {
 // NewBlockFromBlockAndBytes returns a new instance of a bitcoin block given
 // an underlying wire.MsgBlock and the serialized bytes for it.  See Block.
 func NewBlockFromBlockAndBytes(msgBlock *wire.MsgBlock, serializedBlock []byte) *Block {
-	return &Block{
+	b := &Block{
 		msgBlock:        msgBlock,
 		serializedBlock: serializedBlock,
 		blockHeight:     BlockHeightUnknown,
 	}
+	// This initializes []btcutil.Tx to have the serialized raw transactions cached.
+	// Helps speed up things like generating the txhash.
+	b.Transactions()
+	return b
 }
diff --git a/btcutil/tx.go b/btcutil/tx.go
index 5633fef90e..abc055acbe 100644
--- a/btcutil/tx.go
+++ b/btcutil/tx.go
@@ -27,6 +27,7 @@ type Tx struct {
 	txHashWitness *chainhash.Hash // Cached transaction witness hash
 	txHasWitness  *bool           // If the transaction has witness data
 	txIndex       int             // Position within a block or TxIndexUnknown
+	rawBytes      []byte          // Raw bytes for the tx in the raw block.
 }
 
 // MsgTx returns the underlying wire.MsgTx for the transaction.
@@ -37,22 +38,68 @@ func (t *Tx) MsgTx() *wire.MsgTx {
 
 // Hash returns the hash of the transaction.  This is equivalent to
 // calling TxHash on the underlying wire.MsgTx, however it caches the
-// result so subsequent calls are more efficient.
+// result so subsequent calls are more efficient.  If the Tx has the
+// raw bytes of the tx cached, it will use that and skip serialization.
 func (t *Tx) Hash() *chainhash.Hash {
 	// Return the cached hash if it has already been generated.
 	if t.txHash != nil {
 		return t.txHash
 	}
 
-	// Cache the hash and return it.
-	hash := t.msgTx.TxHash()
+	// If the rawBytes aren't available, call msgtx.TxHash.
+	if t.rawBytes == nil {
+		hash := t.msgTx.TxHash()
+		t.txHash = &hash
+		return &hash
+	}
+
+	// If we have the raw bytes, then don't call msgTx.TxHash as that has the
+	// overhead of serialization.
+	var hash chainhash.Hash
+	if t.HasWitness() {
+		// If the raw bytes contain the witness, we must strip it out before
+		// calculating the hash.
+		baseSize := t.msgTx.SerializeSizeStripped()
+		nonWitnessBytes := make([]byte, 0, baseSize)
+
+		// Append the version bytes.
+		offset := 4
+		nonWitnessBytes = append(nonWitnessBytes, t.rawBytes[:offset]...)
+
+		// Append the input and output bytes.  -8 to account for the
+		// version bytes and the locktime bytes.
+		//
+		// Skip the 2 bytes for the witness encoding.
+		offset += 2
+		nonWitnessBytes = append(nonWitnessBytes, t.rawBytes[offset:offset+baseSize-8]...)
+
+		// Append the last 4 bytes which are the locktime bytes.
+		nonWitnessBytes = append(nonWitnessBytes, t.rawBytes[len(t.rawBytes)-4:]...)
+
+		// We purposely call doublehashh here instead of doublehashraw as we don't have the
+		// serialization overhead and avoiding the 1 alloc is better in this case.
+		hash = chainhash.DoubleHashRaw(func(w io.Writer) error {
+			_, err := w.Write(nonWitnessBytes)
+			return err
+		})
+	} else {
+		// If the raw bytes don't have the witness, we can use it directly.
+		//
+		// We purposely call doublehashh here instead of doublehashraw as we don't have the
+		// serialization overhead and avoiding the 1 alloc is better in this case.
+		hash = chainhash.DoubleHashRaw(func(w io.Writer) error {
+			_, err := w.Write(t.rawBytes)
+			return err
+		})
+	}
 	t.txHash = &hash
 	return &hash
 }
 
 // WitnessHash returns the witness hash (wtxid) of the transaction.  This is
 // equivalent to calling WitnessHash on the underlying wire.MsgTx, however it
-// caches the result so subsequent calls are more efficient.
+// caches the result so subsequent calls are more efficient.  If the Tx has the
+// raw bytes of the tx cached, it will use that and skip serialization.
 func (t *Tx) WitnessHash() *chainhash.Hash {
 	// Return the cached hash if it has already been generated.
 	if t.txHashWitness != nil {
@@ -60,7 +107,13 @@ func (t *Tx) WitnessHash() *chainhash.Hash {
 	}
 
 	// Cache the hash and return it.
-	hash := t.msgTx.WitnessHash()
+	var hash chainhash.Hash
+	if len(t.rawBytes) > 0 {
+		hash = chainhash.DoubleHashH(t.rawBytes)
+	} else {
+		hash = t.msgTx.WitnessHash()
+	}
+
 	t.txHashWitness = &hash
 	return &hash
 }
@@ -99,6 +152,11 @@ func NewTx(msgTx *wire.MsgTx) *Tx {
 	}
 }
 
+// setBytes sets the raw bytes of the tx.
+func (t *Tx) setBytes(bytes []byte) {
+	t.rawBytes = bytes
+}
+
 // NewTxFromBytes returns a new instance of a bitcoin transaction given the
 // serialized bytes.  See Tx.
 func NewTxFromBytes(serializedTx []byte) (*Tx, error) {