diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4a9b7a9..3233ac2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+### 0.7.4 / 2021-05-24
+
+- Optimise conversions between strings and byte arrays and related encoding
+  operations, to reduce amount of allocation and copying
+
 ### 0.7.3 / 2020-07-09
 
 - Let the client accept HTTP responses that have an empty reason phrase
diff --git a/LICENSE.md b/LICENSE.md
index 9475f06..1b47ee5 100644
--- a/LICENSE.md
+++ b/LICENSE.md
@@ -1,4 +1,4 @@
-Copyright 2010-2020 James Coglan
+Copyright 2010-2021 James Coglan
 
 Licensed under the Apache License, Version 2.0 (the "License"); you may not use
 this file except in compliance with the License. You may obtain a copy of the
diff --git a/websocket-driver.gemspec b/websocket-driver.gemspec
index ea89dfa..05571a3 100644
--- a/websocket-driver.gemspec
+++ b/websocket-driver.gemspec
@@ -1,6 +1,6 @@
 Gem::Specification.new do |s|
   s.name     = 'websocket-driver'
-  s.version  = '0.7.3'
+  s.version  = '0.7.4'
   s.summary  = 'WebSocket protocol handler with pluggable I/O'
   s.author   = 'James Coglan'
   s.email    = 'jcoglan@gmail.com'