diff --git a/CMakeLists.txt b/CMakeLists.txt
index 13f09de6..e40d06b6 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -4,8 +4,8 @@ set(CMAKE_DISABLE_IN_SOURCE_BUILD ON)
 project(derecho CXX)
 
 # Version
-set(derecho_VERSION 2.2)
-set(derecho_build_VERSION 2.2.2)
+set(derecho_VERSION 2.3)
+set(derecho_build_VERSION 2.3.0)
 set(CMAKE_CXX_STANDARD 17)
 set(CMAKE_POSITION_INDEPENDENT_CODE ON)
 if (${USE_VERBS_API})
diff --git a/src/core/git_version.cpp b/src/core/git_version.cpp
index 488134a2..a2af18af 100644
--- a/src/core/git_version.cpp
+++ b/src/core/git_version.cpp
@@ -11,10 +11,10 @@
 namespace derecho {
 
 const int MAJOR_VERSION = 2;
-const int MINOR_VERSION = 2;
-const int PATCH_VERSION = 2;
-const int COMMITS_AHEAD_OF_VERSION = 120;
-const char* VERSION_STRING = "2.2.2";
-const char* VERSION_STRING_PLUS_COMMITS = "2.2.2+120";
+const int MINOR_VERSION = 3;
+const int PATCH_VERSION = 0;
+const int COMMITS_AHEAD_OF_VERSION = 00;
+const char* VERSION_STRING = "2.3.0";
+const char* VERSION_STRING_PLUS_COMMITS = "2.3.0+0";
 
 }