Update README.md

Co-authored-by: Alexander Shevtsov <[email protected]>

LICENSE

@@ -0,0 +1,22 @@
+The MIT License (MIT)
+
+Copyright (c) 2009-2024 The Bitcoin Core developers
+Copyright (c) 2009-2024 Bitcoin Developers
+
+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.

README.md

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-# Spaced - Bitcoin Spaces daemon
+# Bitcoin Spaces
 
-Spaces is a naming protocol that leverages the existing infrastructure and security of Bitcoin without requiring a new blockchain or any modifications to Bitcoin itself [learn more](https://spacesprotocol.org).
+Checkout [releases](https://github.com/spacesprotocol/spaces/releases) for an immediately usable binary version of this software.
 
-## Project Structure
 
-| Package  | Requires std     | Description                                    |
-|----------|------------------|------------------------------------------------|
-| node     | Yes              | Daemon and wallet service                      |
-| wallet   | Yes (no-std WIP) | wallet library for building spaces transactions|
-| protocol | No               | Protocol consensus library                     |
+## What does it do?
 
-## Setup
+Spaces are sovereign Bitcoin identities. They leverage the existing infrastructure and security of Bitcoin without requiring a new blockchain or any modifications to Bitcoin itself [learn more](https://spacesprotocol.org).
 
-First, download Bitcoin Core and set it up to connect to `regtest`
-using these steps:
 
-```bash
-# Create a directory for Bitcoin regtest data
-mkdir $HOME/bitcoin-regtest
-echo "rpcuser=test" > $HOME/bitcoin-regtest/bitcoin.conf
-echo "rpcpassword=test" >> $HOME/bitcoin-regtest/bitcoin.conf
-bitcoind -regtest -datadir=$HOME/bitcoin-regtest
-```
+`spaced` is a tiny layer that connects to Bitcoin Core over RPC and scans transactions relevant to the protocol.
+
+`space-cli` is a Bitcoin wallet that supports opening auctions, bidding and registering spaces.
+
+## Quick Start
+
+Check out the [documentation](httsp://docs.spacesprotocol.org) 
 
-```bash
+## Development setup on testnet4
+
+### Install Bitcoin Core
+Bitcoin Core of version 28+ is required. It can be installed from the official [download page](https://bitcoincore.org/en/download/).
+
+### Install Spaces Daemon
+
+`spaced` is a tiny layer that connects to Bitcoin Core over RPC and scans transactions relevant to the protocol. Make sure you have [Rust](https://www.rust-lang.org/tools/install) installed before proceeding.
+
+```sh
 git clone https://github.com/spacesprotocol/spaced && cd spaced
-cargo build
+cargo install --path node --locked
 ```
 
-Connect `spaced` to Bitcoin core
+Make sure it's in your path
 
-```bash
-spaced --chain regtest --bitcoin-rpc-user test --bitcoin-rpc-password test
+```sh
+echo 'export PATH="$HOME/.cargo/bin:$PATH"' >> ~/.bashrc
+source ~/.bashrc
 ```
+
+Verify installation
+
+```
+spaced --version
+space-cli --version
+```
+
+### Setup
+
+First, download Bitcoin Core and set it up to connect to `testnet4` using these steps:
+
+```sh
+mkdir $HOME/bitcoin-testnet4
+
+# Create a configuration file with RPC credentials
+echo "rpcuser=testnet4" > $HOME/bitcoin-testnet4/bitcoin.conf
+echo "rpcpassword=testnet4" >> $HOME/bitcoin-testnet4/bitcoin.conf
+
+# Start Bitcoin Core specifying testnet4 network
+bitcoind -testnet4 -datadir=$HOME/bitcoin-testnet4
+```
+
+Next, run spaced with the following:
+```sh
+spaced --chain testnet4 --bitcoin-rpc-user testnet4 --bitcoin-rpc-password testnet4
+```
+
+## Project Structure
+
+| Package  | Requires std     | Description                                    |
+|----------|------------------|------------------------------------------------|
+| node     | Yes              | Daemon and wallet service                      |
+| wallet   | Yes (no-std WIP) | wallet library for building spaces transactions|
+| protocol | No               | Protocol consensus library                     |
+
+
+## License
+
+Spaces is released under the terms of the MIT license. See LICENSE for more information or see https://opensource.org/licenses/MIT.