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In IT Semantic Versioning has established itself as the standard to describe versions. It consists out of the format
MAJOR is incremented when making incompatible API changes.
MINOR is incremented when you add functionality
PATCH is incremented when you make bug fixes
If the version is followed by a ‘-’ sign, then it means it is a pre-release and not stable yet. Therefore, the latest stable version means the highest version available that is not a pre-release / has no ‘-’ sign.
More information can be found in the specification of Semantic Versioning 2.0.