diff --git a/README.md b/README.md
index 27ceea895..45ad28d59 100644
--- a/README.md
+++ b/README.md
@@ -2,3 +2,41 @@ open-cloud-encryptor
 ====================
 
 Multiplatform transparent client-side encryption of your files in the cloud.
+
+## Features
+- Totally transparent: Just work on the encrypted volume, as if it was an USB drive
+- Works with Dropbox, Skydrive, Google Drive and any other cloud storage, that syncs with a local directory
+- AES encryption with up to 256 bit key length
+- Client-side. No accounts, no data shared with any online service
+- Filenames get encrypted too
+- No need to provide credentials for any 3rd party service
+- Open Source means: No backdoors. Control is better than trust
+- Use as many encrypted folders in your dropbox as you want. Each having individual passwords
+
+## Security
+- Default key length is 256 bit (falls back to 128 bit, if JCE isn't installed)
+- PBKDF2 key generation
+- 4096 internal bit masterkey
+- Cryptographically secure random numbers for salts, IVs and the masterkey of course
+- Sensitive data is swiped from the heap asap
+- Lightweight: Complexity kills security
+
+## Consistency
+- I/O operations are transactional and atomic, if the file systems supports it
+- Metadata is stored per-folder, so it's not a SPOF
+
+## Dependencies
+- Java 7 with Java FX 2 enabled or Java 8 beta
+- Maven
+
+## TODO
+- Automount of WebDAV volumes for Win/Mac/Tux
+- App icon and drive icons in WebDAV volumes
+- Change password functionality
+- Replace WebDAV implementation by more efficient and robust solution
+- CRC32 checksums for decrypted files
+- Better explanations on UI
+
+## License
+
+Distributed under the MIT license. See the LICENSE file for more info.