diff --git a/params/version.go b/params/version.go
index ef1a1ab45a..6e9d48d38d 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 = 6       // Minor version component of the current release
+	VersionMajor = 2       // Major version component of the current release
+	VersionMinor = 3       // Minor version component of the current release
 	VersionPatch = 0       // Patch version component of the current release
-	VersionMeta  = "" // Version metadata to append to the version string
+	VersionMeta  = "beta1" // Version metadata to append to the version string
 )
 
 // Version holds the textual version string.