Update release.qmd

docs/contribute/release.qmd

@@ -21,8 +21,8 @@ Before starting the release process, ensure that all tests are passing and that
 
 ## Update version numbers of the components
 
-Determine the new version number like `2023.8.0`, filling in the current year, month and a sequential "MICRO" number.
-This follows `YYYY.MM.MICRO` from [calver](https://calver.org/).
+Determine the new version number like `2023.1.0`, filling in the current year, a bumped `MINOR` number for major updates or breaking changes and a bumped `MICRO` number for small, non-breaking changes.
+This follows `YYYY.MINOR.MICRO` from [calver](https://calver.org/).
 
 Update the version numbers in the repository to the new version number.
 A single find and replace can update all 5 locations: