diff --git a/LICENSE b/LICENSE
new file mode 100644
index 0000000..e6c9e5a
--- /dev/null
+++ b/LICENSE
@@ -0,0 +1,21 @@
+(The MIT License)
+
+Copyright (C) 2014 by Vitaly Puzrin
+
+Permission is hereby granted, free of charge, to any person obtaining a copy
+of this software and associated documentation files (the "Software"), to deal
+in the Software without restriction, including without limitation the rights
+to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+copies of the Software, and to permit persons to whom the Software is
+furnished to do so, subject to the following conditions:
+
+The above copyright notice and this permission notice shall be included in
+all copies or substantial portions of the Software.
+
+THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
+THE SOFTWARE.
diff --git a/README.md b/README.md
index 06639bd..786f730 100644
--- a/README.md
+++ b/README.md
@@ -3,4 +3,72 @@ pako
 
 [![Build Status](https://travis-ci.org/nodeca/pako.png?branch=master)](https://travis-ci.org/nodeca/pako)
 
-zlib port to javascript, works in browser & node.js
+zlib port to javascript. _Very fast!_
+
+__Why pako is cool:__
+
+- Almost as fast im modern browsers as C implementation (see benchmarks)
+- Works in browser
+- Modular - you can browserify any separate component
+- Both Sync & streamable interfaces (streamable is for big blobs)
+- It's fresh - ports the latest zlib version (now 1.2.8)
+- Tested - result is binary equal to zlib's one
+- No restrictions - MIT licence
+
+__Benchmarks:__
+
+
+```
+node v0.11, 10mb sample:
+
+   deflate-gildas x 2.82 ops/sec ±1.21% (11 runs sampled)
+   deflate-imaya x 2.25 ops/sec ±0.59% (9 runs sampled)
+ ! deflate-pako x 6.09 ops/sec ±0.98% (19 runs sampled)
+   deflate-zlib x 9.13 ops/sec ±0.92% (46 runs sampled)
+
+node v0.11, 10mb sample:
+
+   deflate-gildas x 3.39 ops/sec ±6.58% (12 runs sampled)
+   deflate-imaya x 2.14 ops/sec ±4.29% (9 runs sampled)
+ ! deflate-pako x 6.61 ops/sec ±0.66% (20 runs sampled)
+   deflate-zlib x 9.28 ops/sec ±1.98% (47 runs sampled)
+```
+
+
+API
+---
+
+TBD
+
+
+Notes
+-----
+
+Since pako was done mostly for browser, some specific functions were left unported.
+
+deflate:
+
+- writing custom gzip headers (default is ok)
+- `deflateSetDictionary`, `deflateParams`, `deflateSetHeader`, `deflateBound`, `deflatePending`
+
+inflate:
+
+TBD
+
+We will probably provide more modular design, to keep significant part of code reasonably small.
+
+Authors
+-------
+
+- Andrey Tupitsin [@anrd83](https://github.com/andr83)
+- Vitaly Puzrin [@puzrin](https://github.com/andr83)
+
+Special thanks to Vyacheslav Egorov ([@mraleph](https://github.com/mraleph)) for
+his awesome tutoruals about optimising code for v8, [IRHydra](http://mrale.ph/irhydra/)
+tool and personal advices.
+
+
+License
+-------
+
+MIT
\ No newline at end of file