diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8bd96b3..514bd3b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,3 +4,8 @@
 
 - Implemented Concordium account and identity creation methods
 
+### 1.0.1 (2025-03-19)
+
+##### Concordium account and identity creation
+
+- Updating default environment from Mainnet to vault initalization environment.
diff --git a/package-lock.json b/package-lock.json
index c3a36c8..84b6d14 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@getsafle/vault-concordium-controller",
-  "version": "1.0.0",
+  "version": "1.0.1",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "@getsafle/vault-concordium-controller",
-      "version": "1.0.0",
+      "version": "1.0.1",
       "license": "MIT",
       "dependencies": {
         "@concordium/web-sdk": "^9.0.0",
diff --git a/package.json b/package.json
index cd76f63..61a4f86 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@getsafle/vault-concordium-controller",
-  "version": "1.0.0",
+  "version": "1.0.1",
   "description": "Concordium chain controller for Safle Vault",
   "main": "src/index.js",
   "scripts": {
diff --git a/src/index.js b/src/index.js
index 79a3dfb..4c3ae20 100644
--- a/src/index.js
+++ b/src/index.js
@@ -52,7 +52,6 @@ class KeyringController extends EventEmitter {
     const initialState = initializeState(opts);
     this.store = new ObservableStore(initialState);
     this._initializeClient();
-    this.setNetwork("Mainnet");
   }
 
   async _initializeClient() {