diff --git a/package.json b/package.json
index 565c16dfa..bd451a14d 100644
--- a/package.json
+++ b/package.json
@@ -11,7 +11,7 @@
     "gagarin55 <gagarin55@protonmail.com>",
     "Isaac Ardis"
   ],
-  "version": "0.4.5",
+  "version": "0.5.0",
   "description": "Emerald - Ethereum Classic Wallet",
   "main": "./electron/main.js",
   "moduleRoots": [
diff --git a/src/version.js b/src/version.js
index ad975caaa..5498fcc3b 100644
--- a/src/version.js
+++ b/src/version.js
@@ -1,3 +1,3 @@
-const version = '0.4.5 Beta 2';
+const version = '0.5.0 Beta 2';
 
-export default version;
\ No newline at end of file
+export default version;