diff --git a/version/version.go b/version/version.go
index f5e5dccdf..e2f714167 100644
--- a/version/version.go
+++ b/version/version.go
@@ -10,8 +10,8 @@ import (
 func init() {
 	params.VersionMajor = 1     // Major version component of the current release
 	params.VersionMinor = 1     // Minor version component of the current release
-	params.VersionPatch = 0     // Patch version component of the current release
-	params.VersionMeta = "rc.5" // Version metadata to append to the version string
+	params.VersionPatch = 1     // Patch version component of the current release
+	params.VersionMeta = "rc.1" // Version metadata to append to the version string
 }
 
 func BigToString(b *big.Int) string {