diff --git a/version.py b/version.py
index 174b9899..0516f69e 100644
--- a/version.py
+++ b/version.py
@@ -1,2 +1,2 @@
-ELECTRUM_VERSION = "0.46"
+ELECTRUM_VERSION = "0.47"
 SEED_VERSION = 4  # bump this everytime the seed generation is modified