diff --git a/electrum/version.py b/electrum/version.py
index 18ee702ac..7a8c8c69a 100644
--- a/electrum/version.py
+++ b/electrum/version.py
@@ -1,4 +1,4 @@
-ELECTRUM_VERSION = '4.6.2'       # version of the client package
+ELECTRUM_VERSION = '4.7.0'       # version of the client package
 
 PROTOCOL_VERSION_MIN = '1.4'     # electrum protocol
 PROTOCOL_VERSION_MAX = '1.6'