diff --git a/config/config.go b/config/config.go
index 1d438ddb1..d085b7bbd 100644
--- a/config/config.go
+++ b/config/config.go
@@ -12,7 +12,7 @@ import (
 )
 
 const (
-	DiceDBVersion     = "0.0.5"
+	DiceDBVersion     = "0.1.0"
 	DefaultConfigName = "dicedb.conf"
 	DefaultConfigDir  = "."
 
@@ -28,7 +28,7 @@ const (
 	defaultConfigTemplate = `# Configuration file for Dicedb
 
 # Version
-version = "0.0.5"
+version = "0.1.0"
 
 # Async Server Configuration
 async_server.addr = "0.0.0.0"
@@ -93,7 +93,7 @@ var (
 )
 
 type Config struct {
-	Version     string      `config:"version" default:"0.0.5"`
+	Version     string      `config:"version" default:"0.1.0"`
 	InstanceID  string      `config:"instance_id"`
 	Auth        auth        `config:"auth"`
 	RespServer  respServer  `config:"async_server"`
diff --git a/dicedb.conf b/dicedb.conf
index a92f764a4..070f3c91d 100644
--- a/dicedb.conf
+++ b/dicedb.conf
@@ -1,7 +1,7 @@
 # Configuration file for Dicedb
 
 # Version
-version = "0.0.5"
+version = "0.1.0"
 
 # Async Server Configuration
 async_server.addr = "0.0.0.0"
diff --git a/docs/src/content/docs/get-started/hello-world.mdx b/docs/src/content/docs/get-started/hello-world.mdx
index 8464af104..ed79d8c34 100644
--- a/docs/src/content/docs/get-started/hello-world.mdx
+++ b/docs/src/content/docs/get-started/hello-world.mdx
@@ -24,7 +24,7 @@ Once the DiceDB server starts, you will see output similar to this
 ██████╔╝██║╚██████╗███████╗██████╔╝██████╔╝
 ╚═════╝ ╚═╝ ╚═════╝╚══════╝╚═════╝ ╚═════╝
 
-2024-10-24T06:25:32Z INF starting DiceDB version=0.0.5
+2024-10-24T06:25:32Z INF starting DiceDB version=0.1.0
 2024-10-24T06:25:32Z INF running with port=7379
 2024-10-24T06:25:32Z INF running with enable-watch=true
 2024-10-24T06:25:32Z INF running with mode=multi-threaded num-shards=32
diff --git a/docs/src/content/docs/get-started/realtime-leaderboard.mdx b/docs/src/content/docs/get-started/realtime-leaderboard.mdx
index 88787ef11..ffe99aca7 100644
--- a/docs/src/content/docs/get-started/realtime-leaderboard.mdx
+++ b/docs/src/content/docs/get-started/realtime-leaderboard.mdx
@@ -39,7 +39,7 @@ Once the DiceDB server starts, you will see output similar to this
 ██████╔╝██║╚██████╗███████╗██████╔╝██████╔╝
 ╚═════╝ ╚═╝ ╚═════╝╚══════╝╚═════╝ ╚═════╝
 
-2024-10-24T18:35:55Z INF starting DiceDB version=0.0.5
+2024-10-24T18:35:55Z INF starting DiceDB version=0.1.0
 2024-10-24T18:35:55Z INF running with port=7379
 2024-10-24T18:35:55Z INF running with enable-watch=true
 2024-10-24T18:35:55Z INF running with mode=multi-threaded num-shards=12
diff --git a/integration_tests/config/parser_test.go b/integration_tests/config/parser_test.go
index 0e11153e0..9102912cc 100644
--- a/integration_tests/config/parser_test.go
+++ b/integration_tests/config/parser_test.go
@@ -11,7 +11,7 @@ import (
 
 // TestConfig is a test struct that mimics your actual config structure
 type TestConfig struct {
-	Version     string      `config:"version" default:"0.0.5"`
+	Version     string      `config:"version" default:"0.1.0"`
 	InstanceID  string      `config:"instance_id"`
 	Auth        auth        `config:"auth"`
 	AsyncServer asyncServer `config:"async_server"`