diff --git a/CHANGELOG.md b/CHANGELOG.md
index 518afdf..efd817a 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 proxy is `randomx/wow` or `rx/wow`.
+  - Currently runtime algorithm switching NOT supported with other algorithms.
+  
 # v2.15.3-beta
 - [#1014](https://github.com/xmrig/xmrig/issues/1014) Fixed regression, default value for `algo` option was not applied.
 
diff --git a/src/version.h b/src/version.h
index 592690f..7c27895 100644
--- a/src/version.h
+++ b/src/version.h
@@ -28,7 +28,7 @@
 #define APP_ID        "xmrig-proxy"
 #define APP_NAME      "xmrig-proxy"
 #define APP_DESC      "XMRig Stratum proxy"
-#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"