diff --git a/CHANGELOG.md b/CHANGELOG.md
index 727e19b45a..c8eeaa69b1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,9 +7,28 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.5.0] - 2024-05-31
+
 ### Fixed
 
 - When applying blocks, use the `supercharge_coinbase` value from the block which was being ignored before.
+- Incorrect stream being used for RPC responses.
+- Allow multiple nodes running on the same host to connect to each other.
+- Invalid `delta_block_chain_proof` in block producer.
+- Various p2p layer fixes.
+
+### Added
+
+- Support for PubSub in the p2p layer.
+- Block producer dashboard, and simulator-based demo.
+- Support for parsing `daemon.json` files with custom genesis ledgers.
+- Chain ID computation (was hardcoded before).
+- Multiple RPC and p2p tests.
+- More limits to p2p messages, connections, and parsing.
+
+### Removed
+
+- Support for v1 messages in p2p layer.
 
 ## [0.4.0] - 2024-04-30
 
diff --git a/Cargo.lock b/Cargo.lock
index 9ef65b515f..ea6fa1a88c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1066,7 +1066,7 @@ checksum = "98cc8fbded0c607b7ba9dd60cd98df59af97e84d24e49c8557331cfc26d301ce"
 
 [[package]]
 name = "cli"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "bytes",
  "clap 4.5.2",
@@ -2494,7 +2494,7 @@ dependencies = [
 
 [[package]]
 name = "hash-tool"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "bs58 0.5.0",
  "hex",
@@ -3082,7 +3082,7 @@ dependencies = [
 
 [[package]]
 name = "ledger-tool"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "mina-curves",
@@ -3408,7 +3408,7 @@ dependencies = [
 
 [[package]]
 name = "libp2p-rpc-behaviour"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "libp2p",
  "log",
@@ -3787,7 +3787,7 @@ dependencies = [
 
 [[package]]
 name = "mina-transport"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "blake2",
  "hex",
@@ -3798,7 +3798,7 @@ dependencies = [
 
 [[package]]
 name = "mina-tree"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "ark-ec",
@@ -4132,7 +4132,7 @@ dependencies = [
 
 [[package]]
 name = "node"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "ciborium",
@@ -4465,7 +4465,7 @@ checksum = "624a8340c38c1b80fd549087862da4ba43e08858af025b236e509b6649fc13d5"
 
 [[package]]
 name = "openmina-bootstrap-sandbox"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "base64 0.21.7",
  "binprot",
@@ -4491,7 +4491,7 @@ dependencies = [
 
 [[package]]
 name = "openmina-core"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "binprot",
  "binprot_derive",
@@ -4514,7 +4514,7 @@ dependencies = [
 
 [[package]]
 name = "openmina-gossipsub-sandbox"
-version = "0.1.0"
+version = "0.5.0"
 dependencies = [
  "bs58 0.5.0",
  "env_logger",
@@ -4528,7 +4528,7 @@ dependencies = [
 
 [[package]]
 name = "openmina-macros"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "openmina-core",
@@ -4541,7 +4541,7 @@ dependencies = [
 
 [[package]]
 name = "openmina-node-account"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "argon2",
@@ -4562,7 +4562,7 @@ dependencies = [
 
 [[package]]
 name = "openmina-node-invariants"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "documented",
  "lazy_static",
@@ -4576,7 +4576,7 @@ dependencies = [
 
 [[package]]
 name = "openmina-node-native"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "bytes",
  "getrandom 0.2.14",
@@ -4605,7 +4605,7 @@ dependencies = [
 
 [[package]]
 name = "openmina-node-testing"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "axum",
@@ -4649,7 +4649,7 @@ dependencies = [
 
 [[package]]
 name = "openmina-producer-dashboard"
-version = "0.3.0"
+version = "0.5.0"
 dependencies = [
  "bincode",
  "clap 4.5.2",
@@ -4741,7 +4741,7 @@ dependencies = [
 
 [[package]]
 name = "p2p"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "binprot",
@@ -4803,7 +4803,7 @@ dependencies = [
 
 [[package]]
 name = "p2p-testing"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "derive_more",
  "futures",
@@ -5638,7 +5638,7 @@ checksum = "c08c74e62047bb2de4ff487b251e4a92e24f48745648451635cec7d591162d9f"
 
 [[package]]
 name = "replay_dynamic_effects"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "cli",
  "node",
@@ -5950,7 +5950,7 @@ checksum = "1ad4cc8da4ef723ed60bced201181d83791ad433213d8c24efffda1eec85d741"
 
 [[package]]
 name = "salsa-simple"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "generic-array",
  "hex",
@@ -6343,7 +6343,7 @@ dependencies = [
 
 [[package]]
 name = "snark"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "ark-ec",
  "ark-ff",
@@ -7478,7 +7478,7 @@ checksum = "6a02e4885ed3bc0f2de90ea6dd45ebcbb66dacffe03547fadbb0eeae2770887d"
 
 [[package]]
 name = "vrf"
-version = "0.4.0"
+version = "0.5.0"
 dependencies = [
  "anyhow",
  "ark-ec",
diff --git a/cli/Cargo.toml b/cli/Cargo.toml
index a3666a9a7a..69dccb7349 100644
--- a/cli/Cargo.toml
+++ b/cli/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "cli"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/cli/replay_dynamic_effects/Cargo.toml b/cli/replay_dynamic_effects/Cargo.toml
index 188f22c9f5..0327fbed67 100644
--- a/cli/replay_dynamic_effects/Cargo.toml
+++ b/cli/replay_dynamic_effects/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "replay_dynamic_effects"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/core/Cargo.toml b/core/Cargo.toml
index 040866e196..ce087c695f 100644
--- a/core/Cargo.toml
+++ b/core/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-core"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/docker-compose.local.producers.yml b/docker-compose.local.producers.yml
index 6a03bfe635..bf68b6ca1e 100644
--- a/docker-compose.local.producers.yml
+++ b/docker-compose.local.producers.yml
@@ -1,9 +1,7 @@
 services:
   local-producer-cluster:
     container_name: local-producer-cluster
-    build:
-      context: .
-      dockerfile: Dockerfile
+    image: openmina/openmina:0.5.0
     entrypoint: ["openmina-node-testing", "scenarios-generate", "--name", "simulation-small-forever-real-time"]
     ports:
       - 11010:11010
diff --git a/ledger/Cargo.toml b/ledger/Cargo.toml
index bccf1e32ca..84b69c2971 100644
--- a/ledger/Cargo.toml
+++ b/ledger/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "mina-tree"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/macros/Cargo.toml b/macros/Cargo.toml
index 80b90b5cbb..2915546104 100644
--- a/macros/Cargo.toml
+++ b/macros/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-macros"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 authors = [ "Alexander Koptelov <alexandre.koptelov@gmail.com>" ]
diff --git a/node/Cargo.toml b/node/Cargo.toml
index 2cd9d7e512..0267e471c5 100644
--- a/node/Cargo.toml
+++ b/node/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "node"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/node/account/Cargo.toml b/node/account/Cargo.toml
index 3a719e1dbc..519573f0a6 100644
--- a/node/account/Cargo.toml
+++ b/node/account/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-node-account"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/node/invariants/Cargo.toml b/node/invariants/Cargo.toml
index d01841e2b4..23580927e6 100644
--- a/node/invariants/Cargo.toml
+++ b/node/invariants/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-node-invariants"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/node/native/Cargo.toml b/node/native/Cargo.toml
index 1699579f49..fedfe04f9b 100644
--- a/node/native/Cargo.toml
+++ b/node/native/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-node-native"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/node/testing/Cargo.toml b/node/testing/Cargo.toml
index d812bc703a..b0c45fd6e0 100644
--- a/node/testing/Cargo.toml
+++ b/node/testing/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-node-testing"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/p2p/Cargo.toml b/p2p/Cargo.toml
index 21cc721e5f..b11164723c 100644
--- a/p2p/Cargo.toml
+++ b/p2p/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "p2p"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/p2p/libp2p-rpc-behaviour/Cargo.toml b/p2p/libp2p-rpc-behaviour/Cargo.toml
index 9e6ed3ccb5..e456e4dc03 100644
--- a/p2p/libp2p-rpc-behaviour/Cargo.toml
+++ b/p2p/libp2p-rpc-behaviour/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "libp2p-rpc-behaviour"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/p2p/testing/Cargo.toml b/p2p/testing/Cargo.toml
index e273d04197..49e633baf1 100644
--- a/p2p/testing/Cargo.toml
+++ b/p2p/testing/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "p2p-testing"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
diff --git a/producer-dashboard/Cargo.toml b/producer-dashboard/Cargo.toml
index 3060dc61a7..6a6458003c 100644
--- a/producer-dashboard/Cargo.toml
+++ b/producer-dashboard/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-producer-dashboard"
-version = "0.3.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/snark/Cargo.toml b/snark/Cargo.toml
index 594c061c31..02fbca2d2c 100644
--- a/snark/Cargo.toml
+++ b/snark/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "snark"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"
 
diff --git a/tools/bootstrap-sandbox/Cargo.toml b/tools/bootstrap-sandbox/Cargo.toml
index 8aac732540..b2b612334e 100644
--- a/tools/bootstrap-sandbox/Cargo.toml
+++ b/tools/bootstrap-sandbox/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-bootstrap-sandbox"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 
 [dependencies]
diff --git a/tools/gossipsub-sandbox/Cargo.toml b/tools/gossipsub-sandbox/Cargo.toml
index 4184cea752..d51ad0d47f 100644
--- a/tools/gossipsub-sandbox/Cargo.toml
+++ b/tools/gossipsub-sandbox/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "openmina-gossipsub-sandbox"
-version = "0.1.0"
+version = "0.5.0"
 edition = "2021"
 
 [dependencies]
diff --git a/tools/hash-tool/Cargo.toml b/tools/hash-tool/Cargo.toml
index a337c41a60..c0e0fe9604 100644
--- a/tools/hash-tool/Cargo.toml
+++ b/tools/hash-tool/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "hash-tool"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 
 [dependencies]
diff --git a/tools/ledger-tool/Cargo.toml b/tools/ledger-tool/Cargo.toml
index 4ab88bd0a5..e3c4c31f58 100644
--- a/tools/ledger-tool/Cargo.toml
+++ b/tools/ledger-tool/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "ledger-tool"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 
 [dependencies]
diff --git a/tools/salsa-simple/Cargo.toml b/tools/salsa-simple/Cargo.toml
index 52a024d246..7548170479 100644
--- a/tools/salsa-simple/Cargo.toml
+++ b/tools/salsa-simple/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "salsa-simple"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 
 [dev-dependencies]
diff --git a/tools/transport/Cargo.toml b/tools/transport/Cargo.toml
index 4824685265..e473c80722 100644
--- a/tools/transport/Cargo.toml
+++ b/tools/transport/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "mina-transport"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 
 [dependencies]
diff --git a/vrf/Cargo.toml b/vrf/Cargo.toml
index c4b994e812..a477865957 100644
--- a/vrf/Cargo.toml
+++ b/vrf/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "vrf"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 license = "Apache-2.0"