diff --git a/Cargo.toml b/Cargo.toml
index e31ebc4..cc9b1bf 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -13,7 +13,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
 sp-application-crypto = { version = "2.0.0-rc5", default-features = false, path = "../../primitives/application-crypto" }
-codec = { package = "parity-scale-codec", version = "1.3.1", default-features = false, features = ["derive"] }
+codec = { package = "parity-scale-codec", version = "1.3.4", default-features = false, features = ["derive"] }
 sp-inherents = { version = "2.0.0-rc5", default-features = false, path = "../../primitives/inherents" }
 sp-std = { version = "2.0.0-rc5", default-features = false, path = "../../primitives/std" }
 serde = { version = "1.0.101", optional = true }