diff --git a/commands.go b/commands.go
index 24f5c36..1949f1d 100644
--- a/commands.go
+++ b/commands.go
@@ -111,7 +111,7 @@ func NewCommandVerifyPIN(pin string) *apdu.Command {
 }
 
 func NewCommandDeriveKey(pathStr string) (*apdu.Command, error) {
-	startingPoint, path, err := derivationpath.Parse(pathStr)
+	startingPoint, path, err := derivationpath.Decode(pathStr)
 	if err != nil {
 		return nil, err
 	}
diff --git a/derivationpath/decoder.go b/derivationpath/decoder.go
new file mode 100644
index 0000000..f269da2
--- /dev/null
+++ b/derivationpath/decoder.go
@@ -0,0 +1,214 @@
+package derivationpath
+
+import (
+	"fmt"
+	"io"
+	"strconv"
+	"strings"
+)
+
+type StartingPoint int
+
+const (
+	tokenMaster    = 0x6D // char m
+	tokenSeparator = 0x2F // char /
+	tokenHardened  = 0x27 // char '
+	tokenDot       = 0x2E // char .
+
+	hardenedStart = 0x80000000 // 2^31
+)
+
+const (
+	StartingPointMaster StartingPoint = iota + 1
+	StartingPointCurrent
+	StartingPointParent
+)
+
+type parseFunc = func() error
+
+type decoder struct {
+	r                    *strings.Reader
+	f                    parseFunc
+	pos                  int
+	path                 []uint32
+	start                StartingPoint
+	currentToken         string
+	currentTokenHardened bool
+}
+
+func newDecoder(path string) *decoder {
+	d := &decoder{
+		r: strings.NewReader(path),
+	}
+
+	d.reset()
+
+	return d
+}
+
+func (d *decoder) reset() {
+	d.r.Seek(0, io.SeekStart)
+	d.pos = 0
+	d.start = StartingPointCurrent
+	d.f = d.parseStart
+	d.path = make([]uint32, 0)
+	d.resetCurrentToken()
+}
+
+func (d *decoder) resetCurrentToken() {
+	d.currentToken = ""
+	d.currentTokenHardened = false
+}
+
+func (d *decoder) parse() (StartingPoint, []uint32, error) {
+	for {
+		err := d.f()
+		if err != nil {
+			if err == io.EOF {
+				err = nil
+			} else {
+				err = fmt.Errorf("at position %d, %s", d.pos, err.Error())
+			}
+
+			return d.start, d.path, err
+		}
+	}
+
+	return d.start, d.path, nil
+}
+
+func (d *decoder) readByte() (byte, error) {
+	b, err := d.r.ReadByte()
+	if err != nil {
+		return b, err
+	}
+
+	d.pos++
+
+	return b, nil
+}
+
+func (d *decoder) unreadByte() error {
+	err := d.r.UnreadByte()
+	if err != nil {
+		return err
+	}
+
+	d.pos--
+
+	return nil
+}
+
+func (d *decoder) parseStart() error {
+	b, err := d.readByte()
+	if err != nil {
+		return err
+	}
+
+	if b == tokenMaster {
+		d.start = StartingPointMaster
+		d.f = d.parseSeparator
+		return nil
+	}
+
+	if b == tokenDot {
+		b2, err := d.readByte()
+		if err != nil {
+			return err
+		}
+
+		if b2 == tokenDot {
+			d.f = d.parseSeparator
+			d.start = StartingPointParent
+			return nil
+		}
+
+		d.f = d.parseSeparator
+		d.start = StartingPointCurrent
+		return d.unreadByte()
+	}
+
+	d.f = d.parseSegment
+
+	return d.unreadByte()
+}
+
+func (d *decoder) saveSegment() error {
+	if len(d.currentToken) > 0 {
+		i, err := strconv.ParseUint(d.currentToken, 10, 32)
+		if err != nil {
+			return err
+		}
+
+		if i >= hardenedStart {
+			d.pos -= len(d.currentToken) - 1
+			return fmt.Errorf("index must be lower than 2^31, got %d", i)
+		}
+
+		if d.currentTokenHardened {
+			i += hardenedStart
+		}
+
+		d.path = append(d.path, uint32(i))
+	}
+
+	d.f = d.parseSegment
+	d.resetCurrentToken()
+
+	return nil
+}
+
+func (d *decoder) parseSeparator() error {
+	b, err := d.readByte()
+	if err != nil {
+		return err
+	}
+
+	if b == tokenSeparator {
+		return d.saveSegment()
+	}
+
+	return fmt.Errorf("expected %s, got %s", string(tokenSeparator), string(b))
+}
+
+func (d *decoder) parseSegment() error {
+	b, err := d.readByte()
+	if err == io.EOF {
+		if len(d.currentToken) == 0 {
+			return fmt.Errorf("expected number, got EOF")
+		}
+
+		if newErr := d.saveSegment(); newErr != nil {
+			return newErr
+		}
+
+		return err
+	}
+
+	if err != nil {
+		return err
+	}
+
+	if len(d.currentToken) > 0 && b == tokenSeparator {
+		return d.saveSegment()
+	}
+
+	if len(d.currentToken) > 0 && b == tokenHardened {
+		d.currentTokenHardened = true
+		d.f = d.parseSeparator
+		return nil
+	}
+
+	if b < 0x30 || b > 0x39 {
+		return fmt.Errorf("expected number, got %s", string(b))
+	}
+
+	d.currentToken = fmt.Sprintf("%s%s", d.currentToken, string(b))
+
+	return nil
+}
+
+func Decode(str string) (StartingPoint, []uint32, error) {
+	d := newDecoder(str)
+	return d.parse()
+}
diff --git a/derivationpath/derivationpath_test.go b/derivationpath/decoder_test.go
similarity index 96%
rename from derivationpath/derivationpath_test.go
rename to derivationpath/decoder_test.go
index ae3fe64..b276707 100644
--- a/derivationpath/derivationpath_test.go
+++ b/derivationpath/decoder_test.go
@@ -7,7 +7,7 @@ import (
 	"github.com/stretchr/testify/assert"
 )
 
-func TestParse(t *testing.T) {
+func TestDecode(t *testing.T) {
 	scenarios := []struct {
 		path                  string
 		expectedPath          []uint32
@@ -73,7 +73,7 @@ func TestParse(t *testing.T) {
 
 	for i, s := range scenarios {
 		t.Run(fmt.Sprintf("scenario %d", i), func(t *testing.T) {
-			startingPoint, path, err := Parse(s.path)
+			startingPoint, path, err := Decode(s.path)
 			if s.err == nil {
 				assert.NoError(t, err)
 				assert.Equal(t, s.expectedStartingPoint, startingPoint)
diff --git a/derivationpath/derivationpath.go b/derivationpath/derivationpath.go
deleted file mode 100644
index 4f49654..0000000
--- a/derivationpath/derivationpath.go
+++ /dev/null
@@ -1,214 +0,0 @@
-package derivationpath
-
-import (
-	"fmt"
-	"io"
-	"strconv"
-	"strings"
-)
-
-type StartingPoint int
-
-const (
-	tokenMaster    = 0x6D // char m
-	tokenSeparator = 0x2F // char /
-	tokenHardened  = 0x27 // char '
-	tokenDot       = 0x2E // char .
-
-	hardenedStart = 0x80000000 // 2^31
-)
-
-const (
-	StartingPointMaster StartingPoint = iota + 1
-	StartingPointCurrent
-	StartingPointParent
-)
-
-type parseFunc = func() error
-
-type parser struct {
-	r                    *strings.Reader
-	f                    parseFunc
-	pos                  int
-	path                 []uint32
-	start                StartingPoint
-	currentToken         string
-	currentTokenHardened bool
-}
-
-func newParser(path string) *parser {
-	p := &parser{
-		r: strings.NewReader(path),
-	}
-
-	p.reset()
-
-	return p
-}
-
-func (p *parser) reset() {
-	p.r.Seek(0, io.SeekStart)
-	p.pos = 0
-	p.start = StartingPointCurrent
-	p.f = p.parseStart
-	p.path = make([]uint32, 0)
-	p.resetCurrentToken()
-}
-
-func (p *parser) resetCurrentToken() {
-	p.currentToken = ""
-	p.currentTokenHardened = false
-}
-
-func (p *parser) parse() (StartingPoint, []uint32, error) {
-	for {
-		err := p.f()
-		if err != nil {
-			if err == io.EOF {
-				err = nil
-			} else {
-				err = fmt.Errorf("at position %d, %s", p.pos, err.Error())
-			}
-
-			return p.start, p.path, err
-		}
-	}
-
-	return p.start, p.path, nil
-}
-
-func (p *parser) readByte() (byte, error) {
-	b, err := p.r.ReadByte()
-	if err != nil {
-		return b, err
-	}
-
-	p.pos++
-
-	return b, nil
-}
-
-func (p *parser) unreadByte() error {
-	err := p.r.UnreadByte()
-	if err != nil {
-		return err
-	}
-
-	p.pos--
-
-	return nil
-}
-
-func (p *parser) parseStart() error {
-	b, err := p.readByte()
-	if err != nil {
-		return err
-	}
-
-	if b == tokenMaster {
-		p.start = StartingPointMaster
-		p.f = p.parseSeparator
-		return nil
-	}
-
-	if b == tokenDot {
-		b2, err := p.readByte()
-		if err != nil {
-			return err
-		}
-
-		if b2 == tokenDot {
-			p.f = p.parseSeparator
-			p.start = StartingPointParent
-			return nil
-		}
-
-		p.f = p.parseSeparator
-		p.start = StartingPointCurrent
-		return p.unreadByte()
-	}
-
-	p.f = p.parseSegment
-
-	return p.unreadByte()
-}
-
-func (p *parser) saveSegment() error {
-	if len(p.currentToken) > 0 {
-		i, err := strconv.ParseUint(p.currentToken, 10, 32)
-		if err != nil {
-			return err
-		}
-
-		if i >= hardenedStart {
-			p.pos -= len(p.currentToken) - 1
-			return fmt.Errorf("index must be lower than 2^31, got %d", i)
-		}
-
-		if p.currentTokenHardened {
-			i += hardenedStart
-		}
-
-		p.path = append(p.path, uint32(i))
-	}
-
-	p.f = p.parseSegment
-	p.resetCurrentToken()
-
-	return nil
-}
-
-func (p *parser) parseSeparator() error {
-	b, err := p.readByte()
-	if err != nil {
-		return err
-	}
-
-	if b == tokenSeparator {
-		return p.saveSegment()
-	}
-
-	return fmt.Errorf("expected %s, got %s", string(tokenSeparator), string(b))
-}
-
-func (p *parser) parseSegment() error {
-	b, err := p.readByte()
-	if err == io.EOF {
-		if len(p.currentToken) == 0 {
-			return fmt.Errorf("expected number, got EOF")
-		}
-
-		if newErr := p.saveSegment(); newErr != nil {
-			return newErr
-		}
-
-		return err
-	}
-
-	if err != nil {
-		return err
-	}
-
-	if len(p.currentToken) > 0 && b == tokenSeparator {
-		return p.saveSegment()
-	}
-
-	if len(p.currentToken) > 0 && b == tokenHardened {
-		p.currentTokenHardened = true
-		p.f = p.parseSeparator
-		return nil
-	}
-
-	if b < 0x30 || b > 0x39 {
-		return fmt.Errorf("expected number, got %s", string(b))
-	}
-
-	p.currentToken = fmt.Sprintf("%s%s", p.currentToken, string(b))
-
-	return nil
-}
-
-func Parse(str string) (StartingPoint, []uint32, error) {
-	p := newParser(str)
-	return p.parse()
-}