diff --git a/Cargo.toml b/Cargo.toml
index 39e5d9a26b..7b4dc33fcc 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "bitcoin"
-version = "0.27.0"
+version = "0.28.0-rc.1"
 authors = ["Andrew Poelstra <apoelstra@wpsoftware.net>"]
 license = "CC0-1.0"
 homepage = "https://github.com/rust-bitcoin/rust-bitcoin/"