diff --git a/LICENSE b/LICENSE
new file mode 100644
index 0000000..0befbd6
--- /dev/null
+++ b/LICENSE
@@ -0,0 +1,13 @@
+Copyright 2021 Igor Katson
+
+Licensed under the Apache License, Version 2.0 (the "License");
+you may not use this file except in compliance with the License.
+You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing, software
+distributed under the License is distributed on an "AS IS" BASIS,
+WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+See the License for the specific language governing permissions and
+limitations under the License.
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diff --git a/README.md b/README.md
index 52e524d..08ae102 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,75 @@
 # rqbit - bittorrent client in Rust
 
+**rqbit** is a bittorrent client written in Rust.
+
+## Motivation
+
+First of all, I love Rust. The project was created purely for the fun of the process of writing code in Rust.
+
+I was not satisfied with my regular bittorrent client, and was wondering how much work would it be to create a new one from scratch.
+
+I got it to the point where it downloads torrents reliably and pretty fast, and I was using for a few months myself. It works good enough for me, and at the momnent of writing this I'm not planning to extend it further, as it works for me.
+
+So in short, it's not "feature complete", but rather "good enough for me".
+
+Open sourced it just in case anyone might find it useful and/or wants to contribute.
+
+## Build
+
+Just a regular Rust binary build process.
+
+    cargo build --release
+
+## Usage quick start
+
+Assuming you are downloading to ~/Downloads
+
+    rqbit 'magnet:?....' ~/Downloads
+
+or
+
+    rqbit /some/file.torrent ~/Downloads
+
+## Useful options
+
+### --list
+Will print the contents of the torrent file or the magnet link.
+
+### --overwrite
+If you want to resume downloading a file that already exists, you'll need to add this option.
+
+### --peer-connect-timeout=10s
+
+This will increase the default peer connect timeout
+
+### -r / --filename-re
+
+Use a regex here to select files by their names.
+
+## Features and missing features
+
+### Some supported features
+- Sequential downloading
+- Resume downloading the same file
+- Selective downloading (only certain files)
+- DHT support. Allows magnet links to work, and also gets peers from the DHT in addition to trackers.
+- HTTP API
+
+### Code features
+- Serde-based bencode serializer/deserializer
+- Custom code for all binary protocol serialization/deserialization
+- Custom code for everything else too :)
+- Supports several SHA1 implementations, as this seems to be the biggest performance bottleneck. Default is openssl as it's the fastest in my benchmarks.
+- In theory, the libraries that rqbit is made of are re-usable.
+
+### Bugs, missing features and other caveats
+Below points are all easily fixable, PRs welcome.
+
+- If you try to run multiple instances, there's some port conflicts (already listening on port)
+- The CLI support only one mode of operation: download one torrent to a given folder.
+- HTTP API is rudimentary, mostly for looking at stats. E.g. you can't add a torrent through it.
+
+## Code organization
 - crates/rqbit - main binary
 - crates/librqbit - main library
 - crates/librqbit-core - torrent utils
@@ -7,4 +77,9 @@
 - crates/buffers - wrappers around binary buffers
 - crates/clone_to_owned - a trait to make something owned
 - crates/sha1w - wrappers around sha1 libraries
-- crates/peer_binary_protocol - the protocol to talk to peers
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+- crates/peer_binary_protocol - the protocol to talk to peers
+- crates/dht - Distributed Hash Table implementation
+
+## HTTP API
+
+By default it listens on http://127.0.0.1:3030, just curl it to see what methods are available.
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