diff --git a/programs/bpf/Cargo.lock b/programs/bpf/Cargo.lock
index 3b1120c89..f682ff107 100644
--- a/programs/bpf/Cargo.lock
+++ b/programs/bpf/Cargo.lock
@@ -163,7 +163,7 @@ dependencies = [
 
 [[package]]
 name = "bs58"
-version = "0.2.5"
+version = "0.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 
 [[package]]
@@ -1451,7 +1451,7 @@ version = "0.19.0-pre0"
 dependencies = [
  "assert_matches 1.3.0 (registry+https://github.com/rust-lang/crates.io-index)",
  "bincode 1.1.4 (registry+https://github.com/rust-lang/crates.io-index)",
- "bs58 0.2.5 (registry+https://github.com/rust-lang/crates.io-index)",
+ "bs58 0.3.0 (registry+https://github.com/rust-lang/crates.io-index)",
  "byteorder 1.3.2 (registry+https://github.com/rust-lang/crates.io-index)",
  "chrono 0.4.9 (registry+https://github.com/rust-lang/crates.io-index)",
  "generic-array 0.13.2 (registry+https://github.com/rust-lang/crates.io-index)",
@@ -1976,7 +1976,7 @@ dependencies = [
 "checksum block-buffer 0.7.3 (registry+https://github.com/rust-lang/crates.io-index)" = "c0940dc441f31689269e10ac70eb1002a3a1d3ad1390e030043662eb7fe4688b"
 "checksum block-padding 0.1.4 (registry+https://github.com/rust-lang/crates.io-index)" = "6d4dc3af3ee2e12f3e5d224e5e1e3d73668abbeb69e566d361f7d5563a4fdf09"
 "checksum bloom 0.3.2 (registry+https://github.com/rust-lang/crates.io-index)" = "d00ac8e5056d6d65376a3c1aa5c7c34850d6949ace17f0266953a254eb3d6fe8"
-"checksum bs58 0.2.5 (registry+https://github.com/rust-lang/crates.io-index)" = "c95ee6bba9d950218b6cc910cf62bc9e0a171d0f4537e3627b0f54d08549b188"
+"checksum bs58 0.3.0 (registry+https://github.com/rust-lang/crates.io-index)" = "b170cd256a3f9fa6b9edae3e44a7dfdfc77e8124dbc3e2612d75f9c3e2396dae"
 "checksum bumpalo 2.6.0 (registry+https://github.com/rust-lang/crates.io-index)" = "ad807f2fc2bf185eeb98ff3a901bd46dc5ad58163d0fa4577ba0d25674d71708"
 "checksum bv 0.11.0 (registry+https://github.com/rust-lang/crates.io-index)" = "6cd4ae9e585e783756cd14b0ea21863acdfbb6383664ac2f7c9ef8d180a14727"
 "checksum byte-tools 0.2.0 (registry+https://github.com/rust-lang/crates.io-index)" = "560c32574a12a89ecd91f5e742165893f86e3ab98d21f8ea548658eb9eef5f40"
diff --git a/sdk/bpf/scripts/install.sh b/sdk/bpf/scripts/install.sh
index 0eb8a35d6..9ec2e2f7f 100755
--- a/sdk/bpf/scripts/install.sh
+++ b/sdk/bpf/scripts/install.sh
@@ -80,7 +80,7 @@ if [[ ! -f llvm-native-$machine-$version.md ]]; then
 fi
 
 # Install Rust-BPF
-version=v0.1.5
+version=v0.1.6
 if [[ ! -f rust-bpf-$machine-$version.md ]]; then
   (
     filename=solana-rust-bpf-$machine.tar.bz2