diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index fc8a0850..cc8e9dfb 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,3 +1,6 @@
+# Release 2.8.0
+  * Segregated Witness support (testnet only)
+
 # Release 2.7.18
   * enforce https on exchange rate APIs
   * use hardcoded list of exchanges
diff --git a/lib/version.py b/lib/version.py
index 772c12f7..3f9b2ad1 100644
--- a/lib/version.py
+++ b/lib/version.py
@@ -1,4 +1,4 @@
-ELECTRUM_VERSION = '2.7.18' # version of the client package
+ELECTRUM_VERSION = '2.8.0'  # version of the client package
 PROTOCOL_VERSION = '0.10'   # protocol version requested
 
 # The hash of the mnemonic seed must begin with this