Update README.md

Author: Padrio

README.md

@@ -1,2 +1,39 @@
-# php-electrum-api
-PHP wrapper for Electrum JSONRPC-API
+# php-electrum-api - Lightweight Electrum libarary with zero dependencies 
+```
+Licence: GPL-3.0
+Author: Pascal Krason <p.krason@padr.io>
+Language: PHP 5.6
+```
+Please note, this library is by far not completed and production ready, there are still a lot methods which aren't neither tested or even implemented.
+
+# Setting up Electrum
+First you need to setup a new Electrum wallet. Follow the instructions according to your OS at the [Electrum Download Page](https://electrum.org/#download). After the successfull installation you need to set a rpcport by typing:
+```
+electrum setconfig rpcport 777
+``` 
+Then we can create a default wallet, dont forget to note your generated seed, it's nescessary if you want to recover it one day:
+```
+electrum create
+```
+Now we can go ahead and start Electrum in daemon mode:
+```
+electrum daemon start
+```
+
+# Requirements
+On the PHP side there are not much requirements, you only need atleast PHP 5.6 and the curl-Extension installed. Optional you need [Composer](http://getcomposer.org) to install this library. 
+
+# Install
+First you need to install (Composer)[https://getcomposer.org/doc/00-intro.md], after you accomplished this you can go ahead:
+```
+composer require padrio/php-electrum-api
+```
+Then you can simply include the autoloader and begin using the library:
+```php
+// Include composer autoloader
+require_once 'vendor/autoloader.php';
+
+// Create new instance
+$electrum = new Padrio\Electrum('http://127.0.0.1/', 7777);
+$electrum->getVersion();
+```