diff --git a/README.md b/README.md
index 41a466a..cb39ab0 100644
--- a/README.md
+++ b/README.md
@@ -21,7 +21,7 @@ The Hypersign Identity Network is a permissionless blockchain network to manage
 
 Following are the prerequisites that needs to be installed:
 
-- Golang (Installation Guide: https://go.dev/doc/install) (version: 1.18+)
+- Golang (Installation Guide: https://go.dev/doc/install) (version: 1.19+)
 - make
 
 ## Get started
@@ -39,13 +39,12 @@ Following are the prerequisites that needs to be installed:
 
 2. Run the following script to setup a single-node blockchain. Please note that the following script requires `jq` to be installed.
    ```sh
-   sudo chmod +x ./scripts/localnet-single-node/setup.sh
-   sh ./scripts/localnet-single-node/setup.sh
+   bash localnet.sh
    ```
 
 3. Start `hid-noded`:
    ```sh
-   hid-noded start --home ~/.hid-node
+   hid-noded start
    ```
 
 ### Docker
diff --git a/localnet.sh b/localnet.sh
new file mode 100644
index 0000000..3666a95
--- /dev/null
+++ b/localnet.sh
@@ -0,0 +1,75 @@
+#!/bin/bash
+
+# Set the binary name
+BINARY=hid-noded
+
+# Check if the binary is installed
+${BINARY} &> /dev/null
+
+RET_VAL=$?
+if [ ${RET_VAL} -ne 0 ]; then
+    # Check the current version of hid-noded running on testnet
+    echo "hid-noded binary is not installed in your system. Installing now......"
+    HIDNODE_TESTNET_VERSION=$(curl -s https://rpc.jagrat.hypersign.id/abci_info | jq -r .result.response.version)
+    echo -e "\nCurrent hid-noded version running on Testnet is $HIDNODE_TESTNET_VERSION. Installing binary of version $HIDNODE_TESTNET_VERSION"
+    VERSION=$(echo "$HIDNODE_TESTNET_VERSION" | grep -oE '[0-9]+\.[0-9]+\.[0-9]+')
+    SANITISED_VERSION=$(echo "$HIDNODE_TESTNET_VERSION" | sed "s/.*$VERSION/$VERSION/")
+    
+    # Download binary
+    mkdir tmp_hid_node && cd tmp_hid_node
+    FILENAME=hid-noded-$SANITISED_VERSION-linux-amd64.tar.gz
+    wget "https://github.com/hypersign-protocol/hid-node/releases/download/v$SANITISED_VERSION/$FILENAME"
+    tar -C $HOME/.local/bin/ -xzf $FILENAME
+    cd .. && rm -rf ./tmp_hid_node
+fi
+
+# Setting up config files
+rm -rf $HOME/.hid-node/
+
+# Make directories for hid-node config
+mkdir $HOME/.hid-node
+
+# Init node
+hid-noded init --chain-id=hidnode node1 --home=$HOME/.hid-node
+
+# Change hid-node config
+hid-noded configure min-gas-prices 0uhid
+
+# Create key for the node
+hid-noded keys add node1 --keyring-backend=test --home=$HOME/.hid-node
+
+# change staking denom to uhid
+cat $HOME/.hid-node/config/genesis.json | jq '.app_state["staking"]["params"]["bond_denom"]="uhid"' > $HOME/.hid-node/config/tmp_genesis.json && mv $HOME/.hid-node/config/tmp_genesis.json $HOME/.hid-node/config/genesis.json
+
+# update crisis variable to uhid
+cat $HOME/.hid-node/config/genesis.json | jq '.app_state["crisis"]["constant_fee"]["denom"]="uhid"' > $HOME/.hid-node/config/tmp_genesis.json && mv $HOME/.hid-node/config/tmp_genesis.json $HOME/.hid-node/config/genesis.json
+
+# update gov genesis
+cat $HOME/.hid-node/config/genesis.json | jq '.app_state["gov"]["deposit_params"]["min_deposit"][0]["denom"]="uhid"' > $HOME/.hid-node/config/tmp_genesis.json && mv $HOME/.hid-node/config/tmp_genesis.json $HOME/.hid-node/config/genesis.json
+cat $HOME/.hid-node/config/genesis.json | jq '.app_state["gov"]["voting_params"]["voting_period"]="50s"' > $HOME/.hid-node/config/tmp_genesis.json && mv $HOME/.hid-node/config/tmp_genesis.json $HOME/.hid-node/config/genesis.json
+
+# update ssi genesis
+cat $HOME/.hid-node/config/genesis.json | jq '.app_state["ssi"]["chain_namespace"]="testnet"' > $HOME/.hid-node/config/tmp_genesis.json && mv $HOME/.hid-node/config/tmp_genesis.json $HOME/.hid-node/config/genesis.json
+
+# update mint genesis
+cat $HOME/.hid-node/config/genesis.json | jq '.app_state["mint"]["params"]["mint_denom"]="uhid"' > $HOME/.hid-node/config/tmp_genesis.json && mv $HOME/.hid-node/config/tmp_genesis.json $HOME/.hid-node/config/genesis.json
+
+# create validator node with tokens
+hid-noded add-genesis-account $(hid-noded keys show node1 -a --keyring-backend=test --home=$HOME/.hid-node) 500000000000000000uhid --home=$HOME/.hid-node --keyring-backend test
+hid-noded gentx node1 50000000000000000uhid --keyring-backend=test --home=$HOME/.hid-node --chain-id=hidnode
+hid-noded collect-gentxs --home=$HOME/.hid-node
+
+# change app.toml values
+sed -i -E '112s/enable = false/enable = true/' $HOME/.hid-node/config/app.toml
+sed -i -E '115s/swagger = false/swagger = true/' $HOME/.hid-node/config/app.toml
+sed -i -E '133s/enabled-unsafe-cors = false/enabled-unsafe-cors = true/' $HOME/.hid-node/config/app.toml
+
+
+# change config.toml values
+sed -i -E 's|allow_duplicate_ip = false|allow_duplicate_ip = true|g' $HOME/.hid-node/config/config.toml
+sed -i -E 's|addr_book_strict = true|addr_book_strict = false|g' $HOME/.hid-node/config/config.toml
+sed -i -E 's|cors_allowed_origins = \[\]|cors_allowed_origins = \[\"\*\"\]|g' $HOME/.hid-node/config/config.toml
+
+echo -e "\nConfiguarations set, you are ready to run hid-noded now!"
+
+echo -e "\nEnter the command 'hid-noded start' to start a single node blockchain."