diff --git a/packaging/templates/package_scripts/control b/packaging/templates/package_scripts/control
index 94eeea3661..053cc684d9 100644
--- a/packaging/templates/package_scripts/control
+++ b/packaging/templates/package_scripts/control
@@ -1,5 +1,5 @@
 Source: bor
-Version: 1.2.3
+Version: 1.2.4-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.arm64 b/packaging/templates/package_scripts/control.arm64
index 809d705aa6..25d6451a7f 100644
--- a/packaging/templates/package_scripts/control.arm64
+++ b/packaging/templates/package_scripts/control.arm64
@@ -1,5 +1,5 @@
 Source: bor
-Version: 1.2.3
+Version: 1.2.4-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.profile.amd64 b/packaging/templates/package_scripts/control.profile.amd64
index 22470ccd49..40877bbd48 100644
--- a/packaging/templates/package_scripts/control.profile.amd64
+++ b/packaging/templates/package_scripts/control.profile.amd64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.2.3
+Version: 1.2.4-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.profile.arm64 b/packaging/templates/package_scripts/control.profile.arm64
index 4a52b2e063..e7bee6ac52 100644
--- a/packaging/templates/package_scripts/control.profile.arm64
+++ b/packaging/templates/package_scripts/control.profile.arm64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.2.3
+Version: 1.2.4-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.validator b/packaging/templates/package_scripts/control.validator
index 00b517c3b0..66adba3502 100644
--- a/packaging/templates/package_scripts/control.validator
+++ b/packaging/templates/package_scripts/control.validator
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.2.3
+Version: 1.2.4-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.validator.arm64 b/packaging/templates/package_scripts/control.validator.arm64
index 725a4ec394..596910a8a9 100644
--- a/packaging/templates/package_scripts/control.validator.arm64
+++ b/packaging/templates/package_scripts/control.validator.arm64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.2.3
+Version: 1.2.4-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/params/version.go b/params/version.go
index b44ab8079c..c2e3e99b38 100644
--- a/params/version.go
+++ b/params/version.go
@@ -21,10 +21,10 @@ import (
 )
 
 const (
-	VersionMajor = 1  // Major version component of the current release
-	VersionMinor = 2  // Minor version component of the current release
-	VersionPatch = 3  // Patch version component of the current release
-	VersionMeta  = "" // Version metadata to append to the version string
+	VersionMajor = 1      // Major version component of the current release
+	VersionMinor = 2      // Minor version component of the current release
+	VersionPatch = 4      // Patch version component of the current release
+	VersionMeta  = "beta" // Version metadata to append to the version string
 )
 
 var GitCommit string