diff --git a/lib/version.py b/lib/version.py
index 84720b466..4cc90f4a5 100644
--- a/lib/version.py
+++ b/lib/version.py
@@ -1,3 +1,3 @@
-ELECTRUM_VERSION = "0.57c"
+ELECTRUM_VERSION = "0.58"
 SEED_VERSION = 4  # bump this everytime the seed generation is modified
 TRANSLATION_ID = 27601 # version of the wiki page