diff --git a/docs/RELEASE-NOTES b/docs/RELEASE-NOTES
index a5e120f..c9cd5b9 100644
--- a/docs/RELEASE-NOTES
+++ b/docs/RELEASE-NOTES
@@ -1,3 +1,9 @@
+Version 0.3.1
+-------------
+
+- fixes issue #9
+- save DB version in DB; warn on DB open if incompatible format
+
 Version 0.3
 -----------
 
diff --git a/server/version.py b/server/version.py
index 150707e..6e1d57d 100644
--- a/server/version.py
+++ b/server/version.py
@@ -1 +1 @@
-VERSION = "ElectrumX 0.3"
+VERSION = "ElectrumX 0.3.1"