diff --git a/CHANGELOG.md b/CHANGELOG.md
index 260a503c88..5f9cf6ba8e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,9 +1,62 @@
-## V 0.1.30
-*28 Nov 2020*
-(V 0.2 RC)
+## V 0.2
+*22 Dec 2020*
+- Compile-time memory management via `-autofree`. [Video demonstration](https://www.youtube.com/watch?v=gmB8ea8uLsM).
+It will be enabled by default in 0.3
+- Channels and locks.
+- Thread safe typed arrays via keyword `shared`.
+- Struct embedding.
+- IO streams.
+- A powerful websocket module that conforms to RFC 6455 and passes the Autobahn test suite (498 client tests and 249 server tests).
+- V's graphics module now uses Metal/DirectX/OpenGL instead of just OpenGL.
+- V can now run in the browser via WASM and execute V code by translating it to JavaScript:
+https://v-wasm.now.sh
+- V binaries for Linux/Windows/macOS are now built and deployed automatically via GitHub Actions.
+- Smart casting for sumtypes and interfaces, including complex expressions: `if x.expr is int { println(x.expr + 1) }`.
+- Smart casts for interfaces.
+- A new `term.ui` module for building dynamic terminal UIs with an example editor written in it.
+- Clean and easy way to sort arrays: `users.sort(a.name > b.name)`.
+- A huge amount of `vfmt` fixes and improvements. It has now reached a point where it can be safely used on any V source file.
+- A new CI job that runs `v fmt -verify` on the entire code base, a new command that makes sure the file
+has been vfmt'ed. This ensures that all code submitted to the V project is formatted.
+- A new tool `v vet` for analyzing the project and finding potential bugs and errors.
+- Early iOS and Android support.
+- All missing ORM features from the old backend were brought back.
+- Magic `it` variable has been replaced with smart casts (the change is completely handled by vfmt).
+- Explicit parentheses requirement in complex boolean expressions
+- Cross-compiling to Windows and Linux brought back.
+- C2V can now generate wrappers. Example: https://github.com/medvednikov/libsodium.
+- C++ compiler support: code, generated by the C backend can now by compiled by C++ compilers.
+- Short generics syntax: `foo(5)` instead of `foo<int>(5)`.
+- Cached modules via `-usecache`. Faster compilation due to not needing to rebuild the entire vlib for
+each program. Will be enabled by default in 0.2.1.
+- New improved sum types implementation.
+- Lots of errors that happen often during the development cycle were turned into warnings to increase
+  development speed. They are still errors in production builds.
+- Labeled `break` and `continue`.
+- Lots of documentation. The official language documentation grew 3 times in size.
+- `modules.vlang.io` is now generated automatically on every commit.
 - Builtin compile-time JSON serializer now supports `time.Time`.
+- Fixes in type alise, to make them behave just like the types they alias.
 - `array.contains(element)` is now generic.
-TODO
+- Lots of improvements to the JS backend and its type system.
+- Simpler and more constinent function arg syntax: `foo(a int, b int, c string)` instead of `foo(a, b int, c string)`
+- Lots of fixes and optimizations in the hashmap.
+- Lots of missing checks in the type checker were added (for example, checking the correct usage of public struct fields).
+- Mutability bug fixes
+- Taking the address of a map value is no longer allowed, like in Go.
+- Matrix multiplication.
+- `println` was made even smarter, and can now handle complex types.
+- Precompiled text templates can now be used outside of vweb via `$tmpl()`.
+- Gitly, a big web application written in vweb has been released: https://github.com/vlang/gitly
+- `['/:arg1/:arg2/action']` vweb action attribute for easily getting query parameters assigned to method arguments.
+- Improved performance of text rendering, `gg.text_width()`.
+- Webview module in V UI.
+- Binary enum flags.
+- `[export]` attribute to change exported function name (for example for calling from a C library).
+- `unsafe`
+- Hundreds of other fixes, features, and tests (from now on the changelog will be updated
+right away as the feature/bug fix lands).
+
 
 ## V 0.1.27
 *5 May 2020*
diff --git a/v.mod b/v.mod
index 1f4ad64748..4ad0b19c12 100644
--- a/v.mod
+++ b/v.mod
@@ -1,7 +1,7 @@
 Module {
 	name: 'V'
 	description: 'The V programming language.'
-	version: '0.1.30'
+	version: '0.2'
 	license: 'MIT'
 	repo_url: 'https://github.com/vlang/v'
 	dependencies: []
diff --git a/vlib/v/tests/vmod_parser_test.v b/vlib/v/tests/vmod_parser_test.v
index c5c754afbe..4c789ae296 100644
--- a/vlib/v/tests/vmod_parser_test.v
+++ b/vlib/v/tests/vmod_parser_test.v
@@ -6,7 +6,7 @@ fn test_from_file() {
 	data := vmod.from_file('./v.mod') or { panic(err) }
 	assert data.name == 'V'
 	assert data.description == 'The V programming language.'
-	assert data.version == '0.1.30'
+	assert data.version == '0.2'
 	assert data.dependencies.len == 0
 }
 
diff --git a/vlib/v/util/util.v b/vlib/v/util/util.v
index ed2acc0004..651b54d1e9 100644
--- a/vlib/v/util/util.v
+++ b/vlib/v/util/util.v
@@ -9,7 +9,7 @@ import v.pref
 import v.vmod
 
 pub const (
-	v_version = '0.1.30'
+	v_version = '0.2'
 )
 
 // math.bits is needed by strconv.ftoa