diff --git a/bigchaindb/version.py b/bigchaindb/version.py
index 6bf027a0..d7f2fa31 100644
--- a/bigchaindb/version.py
+++ b/bigchaindb/version.py
@@ -1,2 +1,2 @@
-__version__ = '0.11.0.dev'
-__short_version__ = '0.11.dev'
+__version__ = '1.0.0rc1'
+__short_version__ = '1.0rc1'