diff --git a/Cargo.lock b/Cargo.lock
index 66e70616da..22701e4652 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2789,9 +2789,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm"
-version = "1.0.0"
+version = "1.1.0"
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 dependencies = [
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@@ -2819,9 +2819,9 @@ dependencies = [
 
 [[package]]
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 dependencies = [
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@@ -2850,9 +2850,9 @@ dependencies = [
 
 [[package]]
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 dependencies = [
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@@ -2865,9 +2865,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-circuit-account"
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+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -2877,9 +2877,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-circuit-algorithms"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -2888,9 +2888,9 @@ dependencies = [
 
 [[package]]
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 dependencies = [
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@@ -2899,9 +2899,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-circuit-environment"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -2918,15 +2918,15 @@ dependencies = [
 
 [[package]]
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@@ -2936,9 +2936,9 @@ dependencies = [
 
 [[package]]
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@@ -2952,9 +2952,9 @@ dependencies = [
 
 [[package]]
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@@ -2968,9 +2968,9 @@ dependencies = [
 
 [[package]]
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@@ -2982,9 +2982,9 @@ dependencies = [
 
 [[package]]
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@@ -2992,9 +2992,9 @@ dependencies = [
 
 [[package]]
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@@ -3003,9 +3003,9 @@ dependencies = [
 
 [[package]]
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+version = "1.1.0"
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 dependencies = [
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@@ -3016,9 +3016,9 @@ dependencies = [
 
 [[package]]
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+version = "1.1.0"
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 dependencies = [
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@@ -3029,9 +3029,9 @@ dependencies = [
 
 [[package]]
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 dependencies = [
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@@ -3041,9 +3041,9 @@ dependencies = [
 
 [[package]]
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@@ -3054,9 +3054,9 @@ dependencies = [
 
 [[package]]
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+version = "1.1.0"
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 dependencies = [
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@@ -3068,9 +3068,9 @@ dependencies = [
 
 [[package]]
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-version = "1.0.0"
+version = "1.1.0"
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 dependencies = [
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@@ -3080,9 +3080,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-console-algorithms"
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+version = "1.1.0"
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 dependencies = [
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@@ -3094,9 +3094,9 @@ dependencies = [
 
 [[package]]
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+version = "1.1.0"
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 [[package]]
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@@ -3130,9 +3130,9 @@ dependencies = [
 
 [[package]]
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@@ -3149,9 +3149,9 @@ dependencies = [
 
 [[package]]
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@@ -3172,9 +3172,9 @@ dependencies = [
 
 [[package]]
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 dependencies = [
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@@ -3188,9 +3188,9 @@ dependencies = [
 
 [[package]]
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 dependencies = [
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 [[package]]
 name = "snarkvm-console-types-boolean"
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 dependencies = [
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 dependencies = [
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@@ -3220,9 +3220,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-console-types-group"
-version = "1.0.0"
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 dependencies = [
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@@ -3232,9 +3232,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-console-types-integers"
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 dependencies = [
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@@ -3244,9 +3244,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-console-types-scalar"
-version = "1.0.0"
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 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3256,9 +3256,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-console-types-string"
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+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3268,9 +3268,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-curves"
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 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3283,9 +3283,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-fields"
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 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3301,9 +3301,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger"
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 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3326,9 +3326,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-authority"
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+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3339,9 +3339,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-block"
-version = "1.0.0"
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 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3360,9 +3360,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-committee"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3373,9 +3373,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-narwhal"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
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 dependencies = [
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@@ -3387,9 +3387,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-narwhal-batch-certificate"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6d096cf0c0cc0b205797a811f7cd8694cb487bb945f17058a5fc8710703c793a"
+checksum = "550fbc76ff67e050f480751fc52930015e6ccaeea852ad8eddb5ec595e804375"
 dependencies = [
  "indexmap 2.6.0",
  "rayon",
@@ -3401,9 +3401,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-narwhal-batch-header"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "eb3770f99778463ce8be6fb10f29a5737f889882ba358ea948d6c8e8a9021bd6"
+checksum = "0451c6227e6cb15688129fa24cf0f5a49120e0e26c89e61fbfcd8a9c0ba4ad40"
 dependencies = [
  "indexmap 2.6.0",
  "rayon",
@@ -3414,9 +3414,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-narwhal-data"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a0f5641442b912623075331c51154fb447ba3b1990a28554417f55f1139a8667"
+checksum = "ee5a38e42c52112d9ceb2331ded74d4e68040979471a5a1d9041165e83e43291"
 dependencies = [
  "bytes",
  "serde_json",
@@ -3426,9 +3426,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-narwhal-subdag"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7747990ad94acb969cda70976b478ed40a0beb22583774434114e5419e5ea5d9"
+checksum = "adbcd2d0dbc7dbe837dfb30de786ac341dd88afdb973b3a2a4c076a39d414e2e"
 dependencies = [
  "indexmap 2.6.0",
  "rayon",
@@ -3442,9 +3442,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-narwhal-transmission"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "abbc85999cce7f6c3cfff47db8bae834cb5eee374c5a06d9be959bb5bc5ce5f2"
+checksum = "e8d5f001471a0a4f72d06bc9140c8fc3f52f23512956b657903b12a04c3504cf"
 dependencies = [
  "bytes",
  "serde_json",
@@ -3456,9 +3456,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-narwhal-transmission-id"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "25614b92aed358b842cd3d0993afca1c4c41b5901f3f8b4fc806d0a97bda797d"
+checksum = "44e348c47cb47148043240680a89839210d6bdfbcd8fcffe4df7b7b99e25411d"
 dependencies = [
  "snarkvm-console",
  "snarkvm-ledger-puzzle",
@@ -3466,9 +3466,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-puzzle"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "710122e2513287c1e992fb4dd11d74f1cfbdb49f15c0f50a3bf8bab82caedb49"
+checksum = "7251252c6b6d48ccdfeee38f63127f01bcd1da1edcc8e73f71de5f33719cb059"
 dependencies = [
  "aleo-std",
  "anyhow",
@@ -3487,9 +3487,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-puzzle-epoch"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0aae558db942169cafcfa83544562155d870f1770c473a8f800f3cea92886882"
+checksum = "d1e0de23eabafe1380f54556a694c1a9a3574767fb4dd49c9c15975641a30e66"
 dependencies = [
  "aleo-std",
  "anyhow",
@@ -3509,9 +3509,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-query"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "49609967badb249a3600f20d3f5a6600f727394f344800d30b1f89e0f278fe55"
+checksum = "72d0a7c91e30017cf69a2f8d1636ea682b54a674c555d3d23b9f74d0cf376482"
 dependencies = [
  "async-trait",
  "reqwest 0.11.27",
@@ -3523,9 +3523,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-ledger-store"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0496ffd4e01b9a2a7914d6afa04d3b6a8ff8fa85edb37c0b25108d0a8b636a52"
+checksum = "184854df19e419bc4f363713f1c5ba73248fa98e184edec881aba77b397b77cd"
 dependencies = [
  "aleo-std-storage",
  "anyhow",
@@ -3547,9 +3547,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-parameters"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "50f76c9e570372079d5705e45233aee5d18e72f77f19232b4c910146c8cef023"
+checksum = "73c31bcc6cc152a8a9fc6992e32edba8f885b736d9ed67c4d9eead979e51d009"
 dependencies = [
  "aleo-std",
  "anyhow",
@@ -3573,9 +3573,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-synthesizer"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "123712831bcb405db1eac34db195b07da96ab7787833750cbc52b03e966a2820"
+checksum = "01171b6362e9b10f0a1b19364e86758c79f5469227d25ad677a37d675c31f172"
 dependencies = [
  "aleo-std",
  "anyhow",
@@ -3605,9 +3605,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-synthesizer-process"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "39539619196b61e499db123e0e499c5a6ec61346ec1784d6350c9325146881d2"
+checksum = "6576f8a4e376780da7a047a8424ddcc3d991192802fc4e333af275aa90c9bf37"
 dependencies = [
  "aleo-std",
  "colored",
@@ -3630,9 +3630,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-synthesizer-program"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ea5520850ffbfe8fd074608fded31f1a4fbc62100f83de1bb0f6b083b8b6e381"
+checksum = "baea91c7ea8d8584bbe632340dd90cc56b4cc2127025981c298113d227bb587a"
 dependencies = [
  "indexmap 2.6.0",
  "paste",
@@ -3645,9 +3645,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-synthesizer-snark"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "48155b6411c0735196e95668a7d8347b15a36ebae7dc91a824d292897f10bd8a"
+checksum = "3fe2b943d82c5361917cbac96fbf8060f030ae0555efc9cfe0bd13e1e45680cb"
 dependencies = [
  "bincode",
  "once_cell",
@@ -3659,9 +3659,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-utilities"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "02fcbfa865d7b4a30922bcdb18adc15c5bf8ce2ea42250184d7d95655b493f7c"
+checksum = "05c395af67af40e35bb22a1996acbc01119ba129199f6e2b498bf91706754c98"
 dependencies = [
  "aleo-std",
  "anyhow",
@@ -3681,9 +3681,9 @@ dependencies = [
 
 [[package]]
 name = "snarkvm-utilities-derives"
-version = "1.0.0"
+version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3b78577ade70f11743b6f76f6cf4b5fc16905b41caa499d691e0ae822d0340ab"
+checksum = "857e98d8e92501c0c6a8102e3f2714a550bf2455977d05c25a10a45b5f8ce047"
 dependencies = [
  "proc-macro2",
  "quote 1.0.36",
diff --git a/Cargo.toml b/Cargo.toml
index 1de89191f1..16553af8b6 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -99,7 +99,7 @@ default-features = false
 version = "1.11.1"
 
 [workspace.dependencies.snarkvm]
-version = "1.0.0"
+version = "1.1.0"
 
 [workspace.dependencies.serde]
 version = "1.0.214"
diff --git a/leo/cli/commands/execute.rs b/leo/cli/commands/execute.rs
index e6b1356549..bcfb6a76f6 100644
--- a/leo/cli/commands/execute.rs
+++ b/leo/cli/commands/execute.rs
@@ -41,7 +41,7 @@ use snarkvm::{
         ProgramID,
         VM,
         Value,
-        execution_cost,
+        execution_cost_v1,
         query::Query as SnarkVMQuery,
         store::{
             ConsensusStore,
@@ -213,7 +213,8 @@ fn handle_execute<A: Aleo>(
         // Check the transaction cost.
         let (mut total_cost, (storage_cost, finalize_cost)) = if let ExecuteTransaction(_, execution, _) = &transaction
         {
-            execution_cost(&vm.process().read(), execution)?
+            // TODO: Update to V2 after block migration.
+            execution_cost_v1(&vm.process().read(), execution)?
         } else {
             panic!("All transactions should be of type Execute.")
         };