diff --git a/main/params.go b/main/params.go
index b84a95b..ffc38a2 100644
--- a/main/params.go
+++ b/main/params.go
@@ -29,7 +29,7 @@ import (
 )
 
 const (
-	dbVersion = "v0.4.0"
+	dbVersion = "v0.5.0"
 )
 
 // Results of parsing the CLI
diff --git a/node/node.go b/node/node.go
index 837d016..1408fec 100644
--- a/node/node.go
+++ b/node/node.go
@@ -55,7 +55,7 @@ const (
 var (
 	genesisHashKey = []byte("genesisID")
 
-	nodeVersion   = version.NewDefaultVersion("avalanche", 0, 4, 0)
+	nodeVersion   = version.NewDefaultVersion("avalanche", 0, 5, 0)
 	versionParser = version.NewDefaultParser()
 )