diff --git a/package.json b/package.json
index f51d41c88..0026989a0 100644
--- a/package.json
+++ b/package.json
@@ -24,7 +24,7 @@
   "dependencies": {
     "async": "^2.1.4",
     "bl": "^1.1.2",
-    "bs58": "^3.1.0",
+    "bs58": "^4.0.0",
     "concat-stream": "^1.6.0",
     "detect-node": "^2.0.3",
     "flatmap": "0.0.3",