diff --git a/packaging/templates/package_scripts/control b/packaging/templates/package_scripts/control
index b7c92d0a20..05a3beae2c 100644
--- a/packaging/templates/package_scripts/control
+++ b/packaging/templates/package_scripts/control
@@ -1,5 +1,5 @@
 Source: bor
-Version: 1.4.1
+Version: 1.5.0-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.arm64 b/packaging/templates/package_scripts/control.arm64
index 040083b2e4..a1c24a9a5b 100644
--- a/packaging/templates/package_scripts/control.arm64
+++ b/packaging/templates/package_scripts/control.arm64
@@ -1,5 +1,5 @@
 Source: bor
-Version: 1.4.1
+Version: 1.5.0-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.profile.amd64 b/packaging/templates/package_scripts/control.profile.amd64
index 2736d28102..4b7b9699b7 100644
--- a/packaging/templates/package_scripts/control.profile.amd64
+++ b/packaging/templates/package_scripts/control.profile.amd64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.4.1
+Version: 1.5.0-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.profile.arm64 b/packaging/templates/package_scripts/control.profile.arm64
index c568822a5a..4fd6f6cca6 100644
--- a/packaging/templates/package_scripts/control.profile.arm64
+++ b/packaging/templates/package_scripts/control.profile.arm64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.4.1
+Version: 1.5.0-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.validator b/packaging/templates/package_scripts/control.validator
index c6b5839ea2..7fd59976c7 100644
--- a/packaging/templates/package_scripts/control.validator
+++ b/packaging/templates/package_scripts/control.validator
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.4.1
+Version: 1.5.0-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.validator.arm64 b/packaging/templates/package_scripts/control.validator.arm64
index a9d1ec64fb..a45ed499c5 100644
--- a/packaging/templates/package_scripts/control.validator.arm64
+++ b/packaging/templates/package_scripts/control.validator.arm64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.4.1
+Version: 1.5.0-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/params/version.go b/params/version.go
index 925f565f94..4b35fff6c6 100644
--- a/params/version.go
+++ b/params/version.go
@@ -21,10 +21,10 @@ import (
 )
 
 const (
-	VersionMajor = 1  // Major version component of the current release
-	VersionMinor = 4  // Minor version component of the current release
-	VersionPatch = 1  // Patch version component of the current release
-	VersionMeta  = "" // Version metadata to append to the version string
+	VersionMajor = 1      // Major version component of the current release
+	VersionMinor = 5      // Minor version component of the current release
+	VersionPatch = 0      // Patch version component of the current release
+	VersionMeta  = "beta" // Version metadata to append to the version string
 )
 
 var GitCommit string