diff --git a/src/shared.py b/src/shared.py
index a51a2017..e24fd10d 100644
--- a/src/shared.py
+++ b/src/shared.py
@@ -1,6 +1,6 @@
 from __future__ import division
 
-softwareVersion = '0.4.5.3'
+softwareVersion = '0.5.0'
 verbose = 1
 maximumAgeOfAnObjectThatIAmWillingToAccept = 216000  # This is obsolete with the change to protocol v3 but the singleCleaner thread still hasn't been updated so we need this a little longer.
 lengthOfTimeToHoldOnToAllPubkeys = 2419200  # Equals 4 weeks. You could make this longer if you want but making it shorter would not be advisable because there is a very small possibility that it could keep you from obtaining a needed pubkey for a period of time.