diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9c9100157..3e910e365 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 0.23.0
+
+*TBD*
+
 ## 0.22.0
 
 *July 2nd, 2018*
diff --git a/version/version.go b/version/version.go
index 9be4c9d82..aac5dd587 100644
--- a/version/version.go
+++ b/version/version.go
@@ -3,14 +3,14 @@ package version
 // Version components
 const (
 	Maj = "0"
-	Min = "22"
+	Min = "23"
 	Fix = "0"
 )
 
 var (
 	// Version is the current version of Tendermint
 	// Must be a string because scripts like dist.sh read this file.
-	Version = "0.22.0"
+	Version = "0.23.0-dev"
 
 	// GitCommit is the current HEAD set using ldflags.
 	GitCommit string