diff --git a/casper-node_release b/casper-node_release
index 27ef37b..50cf998 100644
--- a/casper-node_release
+++ b/casper-node_release
@@ -1 +1 @@
-1.0.0-31d7de47
\ No newline at end of file
+1.1.1-874c2db4
\ No newline at end of file
diff --git a/config/CHANGELOG.md b/config/CHANGELOG.md
index 85c8fd1..0d24942 100644
--- a/config/CHANGELOG.md
+++ b/config/CHANGELOG.md
@@ -12,6 +12,28 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 [comment]: <> (Security:   in case of vulnerabilities)
 
 
+## 1.1.0 - 166
+### casper-node 1.1.1-874c2db4
+
+### Added
+* chainspec.toml
+  * network
+    * maximum_net_message_size
+  * deploys
+    * max_deploy_size
+
+### Changed
+* chainspec.toml
+  * protocol
+    * version
+    * hard_reset set to true
+    * activation_point
+  * system_costs
+    * auction_costs
+      * add_bid set to 2_500_000_000
+      * delegate set to 2_500_000_000
+
+
 ## 1.0.0 - 2021-04-08T17:00:00Z
 ### casper-node 1.0.0-31d7de47
 
diff --git a/config/accounts.toml b/config/accounts.toml
deleted file mode 100644
index 5e77bb1..0000000
--- a/config/accounts.toml
+++ /dev/null
@@ -1,27 +0,0 @@
-[[accounts]]
-public_key = "018afa98ca4be12d613617f7339a2d576950a2f9a92102ca4d6508ee31b54d2c02"
-balance = "9999995600000000000"
-
-[[accounts]]
-public_key = "0106ca7c39cd272dbf21a86eeb3b36b7c26e2e9b94af64292419f7862936bca2ca"
-balance = "100000000000"
-
-[accounts.validator]
-bonded_amount = "1000000000000"
-delegation_rate = 10
-
-[[accounts]]
-public_key = "017d96b9a63abcb61c870a4f55187a0a7ac24096bdb5fc585c12a686a4d892009e"
-balance = "100000000000"
-
-[accounts.validator]
-bonded_amount = "1000000000000"
-delegation_rate = 10
-
-[[accounts]]
-public_key = "016f6ed70e4a5acec750dc087674e5de2ad7b6d9595945c4059c5ca1a47d4dd3ab"
-balance = "1100000000000"
-
-[[accounts]]
-public_key = "01fddc7e47ac36a240007eba368e417dd52d824026fb9baaa1454817993ce985ea"
-balance = "1100000000000"
diff --git a/config/chainspec.toml b/config/chainspec.toml
index f8bf215..b80dbd5 100644
--- a/config/chainspec.toml
+++ b/config/chainspec.toml
@@ -1,8 +1,8 @@
 [protocol]
 # Protocol version.
-version = '1.0.0'
+version = '1.1.0'
 # Whether we need to clear latest blocks back to the switch block just before the activation point or not.
-hard_reset = false
+hard_reset = true
 # This protocol version becomes active at this point.
 #
 # If it is a timestamp string, it represents the timestamp for the genesis block.  This is the beginning of era 0.  By
@@ -11,13 +11,16 @@ hard_reset = false
 # in contract-runtime for computing genesis post-state hash.
 #
 # If it is an integer, it represents an era ID, meaning the protocol version becomes active at the start of this era.
-activation_point = '2021-04-08T17:00:00Z'
+activation_point = 166
 
 [network]
 # Human readable name for convenience; the genesis_hash is the true identifier.  The name influences the genesis hash by
 # contributing to the seeding of the pseudo-random number generator used in contract-runtime for computing genesis
 # post-state hash.
 name = 'casper-test'
+# The maximum size of an acceptable networking message in bytes.  Any message larger than this will
+# be rejected at the networking level.
+maximum_net_message_size = 23_068_672
 
 [core]
 # Era duration.
@@ -36,14 +39,14 @@ locked_funds_period = '90days'
 unbonding_delay = 7
 # Round seigniorage rate represented as a fraction of the total supply.
 #
-# Annual issuance: 8%
+# Annual issuance: 0.25%
 # Minimum round exponent: 16
 # Ticks per year: 31536000000
 #
 # (1+0.08)^((2^16)/31536000000)-1 is expressed as a fractional number below
 # Python:
 # from fractions import Fraction
-# Fraction((1 + 0.08)**((2**16)/31536000000) - 1).limit_denominator(1000000000)
+# Fraction((1 + 0.0025)**((2**16)/31536000000) - 1).limit_denominator(1000000000)
 round_seigniorage_rate = [1, 192720971]
 
 [highway]
@@ -72,6 +75,8 @@ max_ttl = '1day'
 max_dependencies = 10
 # Maximum block size in bytes including deploys contained by the block.  0 means unlimited.
 max_block_size = 10_485_760
+# Maximum deploy size in bytes.  Size is of the deploy when serialized via ToBytes.
+max_deploy_size = 1_048_576
 # The maximum number of non-transfer deploys permitted in a single block.
 block_max_deploy_count = 100
 # The maximum number of wasm-less transfer deploys permitted in a single block.
@@ -182,9 +187,9 @@ wasmless_transfer_cost = 10_000
 [system_costs.auction_costs]
 get_era_validators = 10_000
 read_seigniorage_recipients = 10_000
-add_bid = 10_000
+add_bid = 2_500_000_000
 withdraw_bid = 10_000
-delegate = 10_000
+delegate = 2_500_000_000
 undelegate = 10_000
 run_auction = 10_000
 slash = 10_000
diff --git a/config/config-example.toml b/config/config-example.toml
index 0a94988..bbcd653 100644
--- a/config/config-example.toml
+++ b/config/config-example.toml
@@ -26,7 +26,6 @@ abbreviate_modules = false
 # Configuration options for consensus
 # ===================================
 [consensus]
-
 # Path (absolute, or relative to this config.toml) to validator's secret key file used to sign
 # consensus messages.
 secret_key_path = '/etc/casper/validator_keys/secret_key.pem'
@@ -67,7 +66,6 @@ bind_address = '0.0.0.0:35000'
 # one connection.
 known_addresses = ['3.208.91.63:35000','35.169.197.193:35000']
 
-
 # The interval (in milliseconds) between each fresh round of gossiping the node's public address.
 gossip_interval = 120_000
 
@@ -256,3 +254,8 @@ verify_accounts = true
 #
 # The size should be a multiple of the OS page size.
 #max_global_state_size = 805306368000
+
+# Optional depth limit to use for global state queries.
+#
+# If unset, defaults to 5.
+#max_query_depth = 5
diff --git a/protocol_versions b/protocol_versions
index fa86168..c79c509 100644
--- a/protocol_versions
+++ b/protocol_versions
@@ -1 +1,2 @@
 1_0_0
+1_1_0