New very high-speed CMOS techniques are used to achieve a CMOS driver operating at gigabaud speeds. Such a driver may be manufactured more easily than drivers that use GaAs or bipolar techniques and further may be easily integrated with other CMOS circuits. A communication system utilizing the gigabaud CMOS driver may additionally include a receiver with on-chip termination to significantly reduce distortion in the presence of parasitic capacitance in inductance in comparison to a receiver with external termination. Furthermore, the communication system may include a phase tracker and a frame aligner. The phase tracker continously monitors the most frequent transition edges in the oversampled data so that the phase of the receiver clock keeps track of the sender clock. The frame aligner comprises a comma detector which enables instant synchronization of data words with a single comma character within a serial data stream.