diff --git a/CHANGELOG.md b/CHANGELOG.md
index 76dcd8d19..1b6b44b23 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,16 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## v2.55.0-beta.1
+
+## What's Changed
+
+* feat: Pull protos from services @ivaylogarnev-limechain in https://github.com/hashgraph/hedera-sdk-js/pull/2611
+* fix: rework examples y @ivaylonikolov7 in https://github.com/hashgraph/hedera-sdk-js/pull/2646
+* docs: fix readme by @ivaylonikolov7 in https://github.com/hashgraph/hedera-sdk-js/pull/2685
+* chore: replace pnpm/action-setup with a step-security maintained one by @PavelSBorisov in https://github.com/hashgraph/hedera-sdk-js/pull/2676
+* ci: Issues with codecov upload by @san-est in https://github.com/hashgraph/hedera-sdk-js/pull/2684
+
 ## v2.54.2
 
 ## What's Changed
diff --git a/package.json b/package.json
index fbeb5c239..406465edc 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "@hashgraph/sdk",
-    "version": "2.54.2",
+    "version": "2.55.0-beta.1",
     "description": "Hedera™ Hashgraph SDK",
     "types": "./lib/index.d.ts",
     "main": "./lib/index.cjs",
@@ -58,7 +58,7 @@
         "@ethersproject/rlp": "^5.7.0",
         "@grpc/grpc-js": "1.8.2",
         "@hashgraph/cryptography": "1.4.8-beta.10",
-        "@hashgraph/proto": "2.15.0-beta.4",
+        "@hashgraph/proto": "2.16.0-beta.1",
         "axios": "^1.6.4",
         "bignumber.js": "^9.1.1",
         "bn.js": "^5.1.1",