diff --git a/CMakeLists.txt b/CMakeLists.txt
index 0a01bfb1..e93edd1d 100755
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,5 +1,5 @@
 cmake_minimum_required(VERSION 3.12)
-project(Bloom LANGUAGES CXX VERSION 0.4.2)
+project(Bloom LANGUAGES CXX VERSION 0.5.0)
 
 set(CMAKE_VERBOSE_MAKEFILE off)
 
diff --git a/src/Application.hpp b/src/Application.hpp
index 4c35e415..3abc4b58 100644
--- a/src/Application.hpp
+++ b/src/Application.hpp
@@ -32,7 +32,7 @@ namespace Bloom
     class Application: public Thread
     {
     public:
-        static const inline VersionNumber VERSION = VersionNumber(0, 4, 2);
+        static const inline VersionNumber VERSION = VersionNumber(0, 5, 0);
 
         explicit Application() = default;