diff --git a/README.md b/README.md
index df71d0f..cd6c6bf 100644
--- a/README.md
+++ b/README.md
@@ -15,8 +15,8 @@
 # Coinlib
 
 Coinlib is a straight-forward and modular library for Peercoin and other similar
-cryptocoins. This library allows for the construction and signing of
-transactions and management of BIP32 wallets.
+cryptocoins including Taproot support. This library allows for the construction
+and signing of transactions and management of BIP32 wallets.
 
 This repository contains the dart-only library in the `coinlib` directory and a
 flutter wrapper in the `coinlib_flutter` directory which includes support for
diff --git a/coinlib/CHANGELOG.md b/coinlib/CHANGELOG.md
index b3ab909..3a1d53e 100644
--- a/coinlib/CHANGELOG.md
+++ b/coinlib/CHANGELOG.md
@@ -1,3 +1,14 @@
+## 2.0.0-rc.1
+
+- Add Taproot support for key-path spends and script-path spends.
+- Taproot keys and MAST trees are provided with the `Taproot` class.
+- `P2TRAddress` support for Taproot addresses.
+- `P2TR` provides Taproot program support for outputs.
+- `TaprootKeyInput` and `TaprootScriptInput` provide Taproot input support.
+- `NUMSPublicKey` allows key-path spending to be omitted.
+- Signing logic has been moved to the inputs.
+- `InputSignature` renamed to `ECDSAInputSignature` and some other name changes.
+
 ## 1.0.0
 
 Final release for 1.0.0
diff --git a/coinlib/README.md b/coinlib/README.md
index db8fef8..9712fdc 100644
--- a/coinlib/README.md
+++ b/coinlib/README.md
@@ -18,8 +18,8 @@
 # Coinlib
 
 Coinlib is a straight-forward and modular library for Peercoin and other similar
-cryptocoins. This library allows for the construction and signing of
-transactions and management of BIP32 wallets.
+cryptocoins including Taproot support. This library allows for the construction
+and signing of transactions and management of BIP32 wallets.
 
 ## Installation and Usage
 
@@ -101,4 +101,3 @@ Bindings for the native libraries (excluding WebAssembly) are generated from the
 The WebAssembly module has been pre-built to
 `lib/src/generated/secp256k1.wasm.g.dart`. It may be rebuilt using `dart run
 bin/build_wasm.dart` in the `coinlib` root directory.
-
diff --git a/coinlib/pubspec.yaml b/coinlib/pubspec.yaml
index 5acaddc..d4b2922 100644
--- a/coinlib/pubspec.yaml
+++ b/coinlib/pubspec.yaml
@@ -2,7 +2,7 @@ name: coinlib
 description:
   A straight-forward, modular library for Peercoin and other Satoshi-based UTXO
   blockchains
-version: 1.0.0-dev
+version: 2.0.0-rc.1
 repository: https://github.com/peercoin/coinlib
 
 environment:
diff --git a/coinlib_flutter/CHANGELOG.md b/coinlib_flutter/CHANGELOG.md
index bfa982e..d4e4405 100644
--- a/coinlib_flutter/CHANGELOG.md
+++ b/coinlib_flutter/CHANGELOG.md
@@ -1,3 +1,8 @@
+## 2.0.0-rc.1
+
+Adds Taproot support and minor breaking changes. See changes for the underlying
+coinlib library 2.0.0-rc.1.
+
 ## 1.0.0
 
 Final release for 1.0.0
diff --git a/coinlib_flutter/example/pubspec.yaml b/coinlib_flutter/example/pubspec.yaml
index c06782d..d8a6164 100644
--- a/coinlib_flutter/example/pubspec.yaml
+++ b/coinlib_flutter/example/pubspec.yaml
@@ -10,7 +10,7 @@ environment:
 dependencies:
   flutter:
     sdk: flutter
-  coinlib_flutter: ^1.0.0
+  coinlib_flutter: ^2.0.0-rc.1
   cupertino_icons: ^1.0.2
 
 dev_dependencies:
diff --git a/coinlib_flutter/pubspec.yaml b/coinlib_flutter/pubspec.yaml
index bb41afb..4d7d0bc 100644
--- a/coinlib_flutter/pubspec.yaml
+++ b/coinlib_flutter/pubspec.yaml
@@ -2,7 +2,7 @@ name: coinlib_flutter
 description:
   A flutter wrapper for coinlib, a straight-forward, modular library for
   Peercoin and other Satoshi-based UTXO blockchains
-version: 1.0.0
+version: 2.0.0-rc.1
 repository: https://github.com/peercoin/coinlib
 
 environment:
@@ -10,7 +10,7 @@ environment:
   flutter: ">=2.17.0"
 
 dependencies:
-  coinlib: ^1.0.0
+  coinlib: ^2.0.0-rc.1
   flutter:
     sdk: flutter
   plugin_platform_interface: ^2.0.2