diff --git a/basic-network/configtx.yaml b/basic-network/configtx.yaml
index e16209422b..c7554769e7 100644
--- a/basic-network/configtx.yaml
+++ b/basic-network/configtx.yaml
@@ -100,44 +100,37 @@ Capabilities:
     # supported by both.
     # Set the value of the capability to true to require it.
     Channel: &ChannelCapabilities
-        # V1.3 for Channel is a catchall flag for behavior which has been
-        # determined to be desired for all orderers and peers running at the v1.3.x
-        # level, but which would be incompatible with orderers and peers from
-        # prior releases.
-        # Prior to enabling V1.3 channel capabilities, ensure that all
-        # orderers and peers on a channel are at v1.3.0 or later.
-        V1_3: true
+        # V2_0 capability ensures that orderers and peers behave according
+        # to v2.0 channel capabilities. Orderers and peers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 capability.
+        # Prior to enabling V2.0 channel capabilities, ensure that all
+        # orderers and peers on a channel are at v2.0.0 or later.
+        V2_0: true
 
     # Orderer capabilities apply only to the orderers, and may be safely
     # used with prior release peers.
     # Set the value of the capability to true to require it.
     Orderer: &OrdererCapabilities
-        # V1.1 for Orderer is a catchall flag for behavior which has been
-        # determined to be desired for all orderers running at the v1.1.x
-        # level, but which would be incompatible with orderers from prior releases.
-        # Prior to enabling V1.1 orderer capabilities, ensure that all
-        # orderers on a channel are at v1.1.0 or later.
-        V1_1: true
+        # V2_0 orderer capability ensures that orderers behave according
+        # to v2.0 orderer capabilities. Orderers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 orderer capability.
+        # Prior to enabling V2.0 orderer capabilities, ensure that all
+        # orderers on channel are at v2.0.0 or later.
+        V2_0: true
 
     # Application capabilities apply only to the peer network, and may be safely
     # used with prior release orderers.
     # Set the value of the capability to true to require it.
     Application: &ApplicationCapabilities
-        # V2.0 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v2.0.
+        # V2_0 application capability ensures that peers behave according
+        # to v2.0 application capabilities. Peers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 application capability.
+        # Prior to enabling V2.0 application capabilities, ensure that all
+        # peers on channel are at v2.0.0 or later.
         V2_0: true
-        # V1.3 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.3 (note, this need not be set if
-        # later version capabilities are set)
-        V1_3: false
-        # V1.2 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.2 (note, this need not be set if
-        # later version capabilities are set)
-        V1_2: false
-        # V1.1 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.1 (note, this need not be set if
-        # later version capabilities are set).
-        V1_1: false
 
 ################################################################################
 #
@@ -302,4 +295,3 @@ Profiles:
                 - *Org1
             Capabilities:
                 <<: *ApplicationCapabilities
-
diff --git a/first-network/configtx.yaml b/first-network/configtx.yaml
index cedd7d14be..f760eb2ab2 100644
--- a/first-network/configtx.yaml
+++ b/first-network/configtx.yaml
@@ -134,44 +134,37 @@ Capabilities:
     # supported by both.
     # Set the value of the capability to true to require it.
     Channel: &ChannelCapabilities
-        # V1.3 for Channel is a catchall flag for behavior which has been
-        # determined to be desired for all orderers and peers running at the v1.3.x
-        # level, but which would be incompatible with orderers and peers from
-        # prior releases.
-        # Prior to enabling V1.3 channel capabilities, ensure that all
-        # orderers and peers on a channel are at v1.3.0 or later.
-        V1_3: true
+        # V2_0 capability ensures that orderers and peers behave according
+        # to v2.0 channel capabilities. Orderers and peers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 capability.
+        # Prior to enabling V2.0 channel capabilities, ensure that all
+        # orderers and peers on a channel are at v2.0.0 or later.
+        V2_0: true
 
     # Orderer capabilities apply only to the orderers, and may be safely
     # used with prior release peers.
     # Set the value of the capability to true to require it.
     Orderer: &OrdererCapabilities
-        # V1.1 for Orderer is a catchall flag for behavior which has been
-        # determined to be desired for all orderers running at the v1.1.x
-        # level, but which would be incompatible with orderers from prior releases.
-        # Prior to enabling V1.1 orderer capabilities, ensure that all
-        # orderers on a channel are at v1.1.0 or later.
-        V1_1: true
+        # V2_0 orderer capability ensures that orderers behave according
+        # to v2.0 orderer capabilities. Orderers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 orderer capability.
+        # Prior to enabling V2.0 orderer capabilities, ensure that all
+        # orderers on channel are at v2.0.0 or later.
+        V2_0: true
 
     # Application capabilities apply only to the peer network, and may be safely
     # used with prior release orderers.
     # Set the value of the capability to true to require it.
     Application: &ApplicationCapabilities
-        # V2.0 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v2.0.
+        # V2_0 application capability ensures that peers behave according
+        # to v2.0 application capabilities. Peers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 application capability.
+        # Prior to enabling V2.0 application capabilities, ensure that all
+        # peers on channel are at v2.0.0 or later.
         V2_0: true
-        # V1.3 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.3 (note, this need not be set if
-        # later version capabilities are set)
-        V1_3: false
-        # V1.2 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.2 (note, this need not be set if
-        # later version capabilities are set)
-        V1_2: false
-        # V1.1 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.1 (note, this need not be set if
-        # later version capabilities are set).
-        V1_1: false
 
 ################################################################################
 #
diff --git a/interest_rate_swaps/network/configtx.yaml b/interest_rate_swaps/network/configtx.yaml
index f36620d4fa..75d9a02345 100644
--- a/interest_rate_swaps/network/configtx.yaml
+++ b/interest_rate_swaps/network/configtx.yaml
@@ -242,44 +242,37 @@ Capabilities:
     # supported by both.
     # Set the value of the capability to true to require it.
     Channel: &ChannelCapabilities
-        # V1.3 for Channel is a catchall flag for behavior which has been
-        # determined to be desired for all orderers and peers running at the v1.3.x
-        # level, but which would be incompatible with orderers and peers from
-        # prior releases.
-        # Prior to enabling V1.3 channel capabilities, ensure that all
-        # orderers and peers on a channel are at v1.3.0 or later.
-        V1_3: true
+        # V2_0 capability ensures that orderers and peers behave according
+        # to v2.0 channel capabilities. Orderers and peers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 capability.
+        # Prior to enabling V2.0 channel capabilities, ensure that all
+        # orderers and peers on a channel are at v2.0.0 or later.
+        V2_0: true
 
     # Orderer capabilities apply only to the orderers, and may be safely
     # used with prior release peers.
     # Set the value of the capability to true to require it.
     Orderer: &OrdererCapabilities
-        # V1.1 for Orderer is a catchall flag for behavior which has been
-        # determined to be desired for all orderers running at the v1.1.x
-        # level, but which would be incompatible with orderers from prior releases.
-        # Prior to enabling V1.1 orderer capabilities, ensure that all
-        # orderers on a channel are at v1.1.0 or later.
-        V1_1: true
+        # V2_0 orderer capability ensures that orderers behave according
+        # to v2.0 orderer capabilities. Orderers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 orderer capability.
+        # Prior to enabling V2.0 orderer capabilities, ensure that all
+        # orderers on channel are at v2.0.0 or later.
+        V2_0: true
 
     # Application capabilities apply only to the peer network, and may be safely
     # used with prior release orderers.
     # Set the value of the capability to true to require it.
     Application: &ApplicationCapabilities
-        # V2.0 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v2.0.
+        # V2_0 application capability ensures that peers behave according
+        # to v2.0 application capabilities. Peers from
+        # prior releases would behave in an incompatible way, and are therefore
+        # not able to participate in channels at v2.0 application capability.
+        # Prior to enabling V2.0 application capabilities, ensure that all
+        # peers on channel are at v2.0.0 or later.
         V2_0: true
-        # V1.3 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.3 (note, this need not be set if
-        # later version capabilities are set)
-        V1_3: false
-        # V1.2 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.2 (note, this need not be set if
-        # later version capabilities are set)
-        V1_2: false
-        # V1.1 for Application enables the new non-backwards compatible
-        # features and fixes of fabric v1.1 (note, this need not be set if
-        # later version capabilities are set).
-        V1_1: false
 
 ################################################################################
 #