diff --git a/README.md b/README.md
index 2253065..7a0bd5e 100644
--- a/README.md
+++ b/README.md
@@ -47,7 +47,7 @@ The functionality thereby enabled is outlined in detail here: [Cross-chain gover
 ### Prerequisites
 - This repository follows the standard [`Hardhat`](https://hardhat.org/tutorial/) development process.
 - The code is written on Solidity starting from version `0.8.15`.
-- The standard versions of Node.js along with Yarn are required to proceed further (confirmed to work with Yarn `1.22.10` and npx/npm `6.14.11` and node `v12.22.0`).
+- The standard versions of Node.js along with Yarn are required to proceed further (confirmed to work with Yarn `1.22.10` and npx/npm `10.1.0` and node `v18.17.0`).
 
 ### Install the dependencies
 The project has submodules to get the dependencies. Make sure you run `git clone --recursive` or init the submodules yourself.