Version represents the game's Early Access state before the major "Secrets of Gloomrot" (Update #1) or the official 1.0 launch. If you are looking for specific gameplay features like multiple castle floors, the new Gloomrot region, or gamepad support, those were added in later versions (Update 1.0 and beyond).
Update #1: Secrets of Gloomrot – Patch Notes - Stunlock Blog « V.Rising.v0.5.48238.zip
Are you trying to or looking for a specific fix that was included in this build? Version represents the game's Early Access state before
: Correction of minor asset issues, such as clipping or placement bugs that appeared in the early access build. Context of this Version the new Gloomrot region
: Minor tweaks to improve frame rate stability and networking between players and servers.