diff --git a/CMakeLists.txt b/CMakeLists.txt
index 33e7c93b3..7c5fdb38b 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -15,8 +15,8 @@ set(GCC_MINIMUM_VERSION "4.8")
 set(CLANG_MINIMUM_VERSION "3.4")
 
 # Also remember to set PROTOCOL_VERSION in network/networkprotocol.h when releasing
-set(VERSION_MAJOR 0)
-set(VERSION_MINOR 5)
+set(VERSION_MAJOR 5)
+set(VERSION_MINOR 0)
 set(VERSION_PATCH 0)
 set(VERSION_EXTRA "" CACHE STRING "Stuff to append to version string")
 
diff --git a/README.md b/README.md
index 61cf57175..ebfad24be 100644
--- a/README.md
+++ b/README.md
@@ -431,9 +431,11 @@ This is how we build Windows releases.
 Version scheme
 --------------
 
-Minetest doesn't follow semver. Instead, we do something roughly similar to 0.major.minor.
+Minetest partially follows semver (major.minor.patch).
 
-Since 0.5.0-dev and 0.4.17-dev, the dev notation refers to the next release, 
-ie: 0.5.0-dev is the development version leading to 0.5.0.
+Since 5.0.0-dev and 0.4.17-dev, the dev notation refers to the next release, 
+ie: 5.0.0-dev is the development version leading to 5.0.0.
 
 Prior to that, we used oldversion-dev.
+
+Semver was adopted after 0.4.X series. Before that we used 0.major.minor scheme.
diff --git a/doc/client_lua_api.txt b/doc/client_lua_api.txt
index 46b47d892..57876670c 100644
--- a/doc/client_lua_api.txt
+++ b/doc/client_lua_api.txt
@@ -1,4 +1,4 @@
-Minetest Lua Client Modding API Reference 0.5.0
+Minetest Lua Client Modding API Reference 5.0.0
 ================================================
 * More information at <http://www.minetest.net/>
 * Developer Wiki: <http://dev.minetest.net/>
diff --git a/doc/menu_lua_api.txt b/doc/menu_lua_api.txt
index 6b81e6bf5..291e5f7a5 100644
--- a/doc/menu_lua_api.txt
+++ b/doc/menu_lua_api.txt
@@ -1,4 +1,4 @@
-Minetest Lua Mainmenu API Reference 0.5.0
+Minetest Lua Mainmenu API Reference 5.0.0
 ========================================
 
 Introduction