diff --git a/package.json b/package.json
index 88b4e37ad..bc67cac27 100644
--- a/package.json
+++ b/package.json
@@ -312,6 +312,6 @@
   "language": "go",
   "license": "MIT",
   "name": "go-ipfs",
-  "version": "0.4.8-dev"
+  "version": "0.4.8-rc1"
 }
 
diff --git a/repo/config/version.go b/repo/config/version.go
index 6cf31a8c4..de8c137bd 100644
--- a/repo/config/version.go
+++ b/repo/config/version.go
@@ -4,6 +4,6 @@ package config
 var CurrentCommit string
 
 // CurrentVersionNumber is the current application's version literal
-const CurrentVersionNumber = "0.4.8-dev"
+const CurrentVersionNumber = "0.4.8-rc1"
 
 const ApiVersion = "/go-ipfs/" + CurrentVersionNumber + "/"