A rapid increase in the transmission bandwidth of optical networks has created a bottleneck in protocol processing at the host systems. This paper presents a high-performance transport protocol, HTPNET, that is designed to exploit the evolving characteristics of high-speed networks. Importantly, the highly parallel architecture of HTPNET provides a suitable platform for the parallel implementation of presentation processing, which incurs high computation overheads. A parallel architecture based on the T9000 transputer and C104 router technology has been designed to support high-speed protocol processing. A simulation of the architecture has been implemented and has demonstrated the advantage of exploiting a parallel architecture for protocol processing.