diff --git a/version/version.go b/version/version.go
index 4b250ded4..2ce9fa9c6 100644
--- a/version/version.go
+++ b/version/version.go
@@ -7,7 +7,7 @@ var (
 const (
 	// TMVersionDefault is the used as the fallback version of Tendermint Core
 	// when not using git describe. It is formatted with semantic versioning.
-	TMVersionDefault = "0.34.11"
+	TMVersionDefault = "0.34.12"
 	// ABCISemVer is the semantic version of the ABCI library
 	ABCISemVer = "0.17.0"