diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index d40b219..a531570 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -1,6 +1,6 @@
 repos:
   - repo: https://github.com/pre-commit/pre-commit-hooks
-    rev: v4.4.0
+    rev: v4.6.0
     hooks:
       - id: check-docstring-first
       - id: check-json
@@ -14,17 +14,17 @@ repos:
       - id: requirements-txt-fixer
       - id: trailing-whitespace
   - repo: https://github.com/pycqa/isort
-    rev: 5.12.0
+    rev: 5.13.2
     hooks:
       - id: isort
         args: ["--profile", "black"]
   - repo: https://github.com/psf/black
-    rev: 23.3.0
+    rev: 24.4.0
     hooks:
       - id: black
         args: [--target-version=py38]
   - repo: https://github.com/pycqa/flake8
-    rev: 6.0.0
+    rev: 7.0.0
     hooks:
       - id: flake8
         args: [
@@ -33,11 +33,11 @@ repos:
             --max-line-length=150,
           ]
   - repo: https://github.com/pre-commit/mirrors-prettier
-    rev: v2.7.1
+    rev: v3.1.0
     hooks:
       - id: prettier
   - repo: https://github.com/PyCQA/bandit
-    rev: "1.7.5"
+    rev: 1.7.8
     hooks:
       - id: bandit
         entry: bandit
diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 0000000..669e208
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,7 @@
+# Changelog
+
+## 0.1.0 - 2024-04-24
+
+Release 0.1.0
+
+⚠️ **WARNING: The next release will contain breaking changes to the default cost parameters. Please pin your installation to avoid surprises** ⚠️