diff --git a/changelog.txt b/changelog.txt
new file mode 100644
index 000000000000..4878ecee1a2e
--- /dev/null
+++ b/changelog.txt
@@ -0,0 +1,91 @@
+changelog=## New Features
+
+- `oras` is compliant with OCI [image-spec v1.1.0](https://github.com/opencontainers/image-spec/blob/v1.1.0) and [distribution-spec v1.1.0](https://github.com/opencontainers/distribution-spec/tree/v1.1.0)
+- Introduce brand-new default terminal experience
+    -  Show live progress for the following commands:
+        - `oras copy`
+        - `oras pull`
+        - `oras push`
+        - `oras attach`
+        - `oras blob fetch`
+        - `oras blob push`
+    - The new terminal experience can be turned off via the preview flag `--no-tty`
+- Support deletion of manifests and blobs in OCI image layout
+- Support X.509 mTLS authentication with OCI registries
+
+## Preview Features
+
+- **BREAKING CHANGE** Registries supporting `Referrers API` prior to [distribution-spec v1.1.0-rc4](https://github.com/opencontainers/distribution-spec/tree/v1.1.0-rc4) will fall back to `Referrers tag schema`, causing unexpected results of `oras attach` and `oras discover` commands
+- Introduce `--platform` to `oras attach` for better multi-arch attaching experience, which allows adding referrer artifact to a specific sub-platform
+- Re-purpose the flag `--recursive` of `oras cp` from [extended copy](https://oras.land/docs/client_libraries/overview#extended-copy) to copy an artifact or a multi-arch image and its referrers
+- Promote `--image-spec` to a preview flag from experimental
+
+## Experimental Features
+
+- **BREAKING CHANGE** `oras discover` shows `tree` view output by default
+- Introduce formatted output via `--format` by implementing the [specification](https://github.com/oras-project/oras/blob/v1.2.0/docs/proposals/formatted-output.md)
+    - Formatted output is available to the following commands:
+        - `oras pull`
+        - `oras push`
+        - `oras attach`
+        - `oras discover`
+        - `oras manifest fetch`
+    - Examples:
+        - `--format json` to print operation result as a JSON object
+        - `--format "go-template={{ .digest }}"` to print the digest of the manifest using [Go template](https://pkg.go.dev/text/template)
+            - Template can also be specified by `--template`
+- Introduce `oras resolve` to get the digest of an artifact
+
+## Deprecation
+
+- `oras discover`: `--output` is marked as deprecated and succeeded by `--format`
+
+## Bug Fixes
+
+- Fix #1079: Snaps build cannot read default credentials file
+- Fix #1096: Mixed request number in the debug mode
+- Fix #1106: Flag `--plain-http=false` does not work for local registries
+- Fix #1129: `oras cp -r` fails if index has a child manifest as subject
+- Minor fixes
+
+## Other Changes
+
+- Improve UX
+    - `oras discover`: show placeholder when `artifactType` is not presented in an index referrer
+    - `oras push`: show artifact type when pushing files
+    - Improve error message based on [ORAS CLI error handling guildline](https://github.com/oras-project/oras/blob/v1.2.0/docs/proposals/error-handling-guideline.md)
+    - Improve identity token input by a new flag `--identity-token` to replace `--password` without `--username`
+- Improve performance
+  - Reduce authentication request count for`oras copy`, `oras manifest delete`, and `oras blob delete`
+  - Support blob mounting across repositories in the same registry for `oras copy`
+- Update dependencies
+- Update to Golang `1.22.3`
+- Minor security enhancements
+
+------
+
+# What's Changed Since RC.1
+
+## Other Changes
+
+- Improve documentation
+- Update dependencies
+
+## Detailed Commits
+* bump: tag and release ORAS CLI v1.2.0-rc.1 by @qweeah in https://github.com/oras-project/oras/pull/1381
+* fix: remove non-classic snap plugins by @qweeah in https://github.com/oras-project/oras/pull/1383
+* fix: oras cp documentation by @TerryHowe in https://github.com/oras-project/oras/pull/1384
+* build(deps): bump actions/checkout from 3 to 4 by @dependabot in https://github.com/oras-project/oras/pull/1385
+* refactor: Get rid of deprecated PrintStatus method by @TerryHowe in https://github.com/oras-project/oras/pull/1378
+* build(deps): bump github.com/onsi/ginkgo/v2 from 2.17.3 to 2.18.0 in /test/e2e by @dependabot in https://github.com/oras-project/oras/pull/1388
+* build(deps): bump github.com/onsi/ginkgo/v2 from 2.18.0 to 2.19.0 in /test/e2e by @dependabot in https://github.com/oras-project/oras/pull/1390
+* chore: Remove deprecated PrintStatus method by @TerryHowe in https://github.com/oras-project/oras/pull/1389
+* doc: verify local files by @qweeah in https://github.com/oras-project/oras/pull/1386
+* fix: remove call to deprecated print by @TerryHowe in https://github.com/oras-project/oras/pull/1392
+
+
+**Full Changelog**: https://github.com/oras-project/oras/compare/v1.2.0-rc.1...v1.2.0
+
+## Notes
+
+This release was signed with `46D3 369B 393F 6F82 71FD 1CE8 F86E C70D 2B0C 404F` (@qweeah's GPG key) which can be found [here](https://github.com/qweeah.gpg).
diff --git a/lib/functions/general/oci-oras.sh b/lib/functions/general/oci-oras.sh
index 19eb88c4c136..b84e358f36de 100644
--- a/lib/functions/general/oci-oras.sh
+++ b/lib/functions/general/oci-oras.sh
@@ -9,7 +9,7 @@
 
 function run_tool_oras() {
 	# Default version
-	ORAS_VERSION=${ORAS_VERSION:-0.16.0} # https://github.com/oras-project/oras/releases
+	ORAS_VERSION=${ORAS_VERSION:-} # https://github.com/oras-project/oras/releases
 	#ORAS_VERSION=${ORAS_VERSION:-"1.0.0-rc.1"} # https://github.com/oras-project/oras/releases
 
 	declare non_cache_dir="/armbian-tools/oras" # To deploy/reuse cached ORAS in a Docker image.