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+NFD version 0.4.0
+-----------------
+
+Release date: TBD
+
+.. note::
+   Version 0.4.0 introduces several breaking changes to API and wire format of management protocols
+
+Changes since version 0.3.4:
+
+New features:
+^^^^^^^^^^^^^
+
+- **(breaking change)** Refactored implementation of face system (:issue:`3088`,
+  :issue:`3104`, :issue:`3165`, :issue:`3168`, :issue:`3225`, :issue:`3226`)
+
+  The abstraction to send/receive NDN packets has been split into Transport, LinkService, and Face:
+
+  * *Transport* provides delivery of the data blocks over specific underlying channels
+    (raw ethernet packets, unicast/multicast UDP datagrams, TCP and WebSocket streams)
+
+    Implemented: :NFD:`UnixStreamTransport`, :NFD:`UnicastUdpTransport`, :NFD:`MulticastUdpTransport`.
+
+  * *LinkService* provides an "adaptation" layer to translate between NDN packets and data
+    blocks communicated through Transport.  For example, LinkService can provide packet
+    fragmentation and reassembly services.
+
+    Implemented: :NFD:`GenericLinkService`
+
+  * *Face* provides combines Transport and LinkServices, providing high-level interface to work
+    with Interest/Data/Nack packets inside NFD.
+
+  .. note::
+     This feature replaces support for signaling between local applications and NFD from
+     LocalControlHeader with NDNLPv2 protocol.  If your application uses
+     LocalControlHeader features, it must be updated to use the new protocol (e.g., update
+     to use ndn-cxx >= 0.4.0)
+
+- Support for NDNLPv2 (http://redmine.named-data.net/projects/nfd/wiki/NDNLPv2,
+  :issue:`2520`, :issue:`2763`, :issue:`2841`)
+
+  * Network NACK (:issue:`2883`)
+
+- Networking NACK in pipelines and best-route strategy (:issue:`3156`)
+
+- Refactored implementation of NFD management (:issue:`2200`, :issue:`2107`)
+
+- Interest forwarding processes Link included in interest packets (:issue:`3034`)
+
+  .. note::
+     This feature requires proper defintion of new ``tables.network_region`` section in
+     the NFD config file (:issue:`3159`)
+
+- Full support for UDP permanent faces (:issue:`2993`, :issue:`2989`, :issue:`3018`)
+
+Updates and bug fixes:
+^^^^^^^^^^^^^^^^^^^^^^
+
+- Display extended information for fatal NFD errors (:issue:`2541`)
+
+- Compilation fixes for clang-700.0.72 (Apple LLVM 7.0.0) (:issue:`3209`)
+
+- Properly handle exception from NetworkMonitor when the platform doesn't support it
+  (:issue:`3195`)
+
+Deprecated:
+^^^^^^^^^^^
+
+- BroadcastStrategy (``/localhost/nfd/strategy/broadcast``) renamed as MulticastStrategy
+  (``/localhost/nfd/strategy/multicast``) (:issue:`3011`)
+
+Planned features for future releases:
+^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
+
+- Improvements and extension of NDNLPv2 support
+
+  * New transports
+  * New link service implementation, including support for fragmentation and assembly
+
+- Improved support for automatic prefix propagation (:issue:`3211`, :issue:`2413`)