diff --git a/CHANGELOG.md b/CHANGELOG.md
index 11b82cbf7..25fc9ad20 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+# v2.16.0-beta
+- [#1036](https://github.com/xmrig/xmrig/pull/1036) Added RandomWOW (RandomX with different preferences) algorithm support for [Wownero](http://wownero.org/).
+  - Algorithm name used by miner is `randomx/wow` or `rx/wow`.
+  - Currently runtime algorithm switching NOT supported with other algorithms.
+
 # v2.15.4-beta
 - Added global uptime and extended connection information in API.
 - API now return current algorithm instead of global algorithm specified in config.
diff --git a/src/version.h b/src/version.h
index 3efea229e..b08fcdf94 100644
--- a/src/version.h
+++ b/src/version.h
@@ -28,7 +28,7 @@
 #define APP_ID        "xmrig"
 #define APP_NAME      "XMRig"
 #define APP_DESC      "XMRig CPU miner"
-#define APP_VERSION   "2.16.0-evo"
+#define APP_VERSION   "2.16.0-beta"
 #define APP_DOMAIN    "xmrig.com"
 #define APP_SITE      "www.xmrig.com"
 #define APP_COPYRIGHT "Copyright (C) 2016-2019 xmrig.com"