diff --git a/configure.ac b/configure.ac
index cf712cc67..e3be0c9dd 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,8 +1,8 @@
 dnl require autoconf 2.60 (AS_ECHO/AS_ECHO_N)
 AC_PREREQ([2.60])
 define(_CLIENT_VERSION_MAJOR, 3)
-define(_CLIENT_VERSION_MINOR, 3)
-define(_CLIENT_VERSION_REVISION, 2)
+define(_CLIENT_VERSION_MINOR, 4)
+define(_CLIENT_VERSION_REVISION, 0)
 define(_CLIENT_VERSION_BUILD, 50)
 define(_ZC_BUILD_VAL, m4_if(m4_eval(_CLIENT_VERSION_BUILD < 25), 1, m4_incr(_CLIENT_VERSION_BUILD), m4_eval(_CLIENT_VERSION_BUILD < 50), 1, m4_eval(_CLIENT_VERSION_BUILD - 24), m4_eval(_CLIENT_VERSION_BUILD == 50), 1, , m4_eval(_CLIENT_VERSION_BUILD - 50)))
 define(_CLIENT_VERSION_SUFFIX, m4_if(m4_eval(_CLIENT_VERSION_BUILD < 25), 1, _CLIENT_VERSION_REVISION-beta$1, m4_eval(_CLIENT_VERSION_BUILD < 50), 1, _CLIENT_VERSION_REVISION-rc$1, m4_eval(_CLIENT_VERSION_BUILD == 50), 1, _CLIENT_VERSION_REVISION, _CLIENT_VERSION_REVISION-$1)))
diff --git a/src/clientversion.h b/src/clientversion.h
index 71fcee16f..c62e6d3e0 100644
--- a/src/clientversion.h
+++ b/src/clientversion.h
@@ -33,8 +33,8 @@
 //! These need to be macros, as clientversion.cpp's and bitcoin*-res.rc's voodoo requires it
 // Must be kept in sync with configure.ac !
 #define CLIENT_VERSION_MAJOR 3
-#define CLIENT_VERSION_MINOR 3
-#define CLIENT_VERSION_REVISION 2
+#define CLIENT_VERSION_MINOR 4
+#define CLIENT_VERSION_REVISION 0
 #define CLIENT_VERSION_BUILD 50
 
 //! Set to true for release, false for prerelease or test build