diff --git a/app/app.go b/app/app.go
index d14a5bb41..0b6f82beb 100644
--- a/app/app.go
+++ b/app/app.go
@@ -26,7 +26,7 @@ import (
 )
 
 const (
-	AppVersion = "RC-0.4.3"
+	AppVersion = "RC-0.5.0"
 )
 
 // NewPocketCoreApp is a constructor function for PocketCoreApp
diff --git a/doc/changelog.md b/doc/changelog.md
index 20b315d46..6f4f60d90 100644
--- a/doc/changelog.md
+++ b/doc/changelog.md
@@ -1,3 +1,12 @@
+## RC-0.5.0
+- Fixed Incorrect Logging and misleading logging for max_signed_blocks
+- Remove all receipts to alleviate large state size
+- State now doesn't accept claims for under the given param threshold
+- AAT now printing as json string and not bytes
+- Logging fix for unstaked Validator in Handle Validator Signature
+- enhanced proof entropy and flush to disk
+- Converted `Could not get sessionCtx` in auto send claim tx to an info log
+
 ## RC-0.4.3
 - Update txIndexer synchronously during commit