Enhanced README

README.rst

@@ -6,11 +6,32 @@ Deadbeat - README
     Although production code is based on this library, it should still be considered
     as work in progress.
 
+*deadbeat* /ˈdɛdbiːt/
 
-Introduction
-------------
+    1. A lazy or socially undesirable person; a loafer, slacker.
+    2. *(Horology)* Improved version of the anchor escapement, which slides over
+       the dead face of the escape tooth without recoil after giving impulse to the pendulum.
 
-Framework for event driven data transformation scripts.
+*Deadbeat* is a framework for creating event driven data transformation tools.
+
+With Deadbeat you can create well behaving *nix application/daemon/cron script which ingests,
+processes, transforms and outputs realtime data. It allows you to create the geartrain of cogs,
+where each cog does one specific action. The cigs range from fetching information, parsing,
+modification, typecasting, transformations, to enrichment, filtering, anonymisation,
+deduplication, aggregation, formatting, marshalling and output.
+
+Deadbeat is event driven, it is able to watch and act upon common sources of events: timer,
+I/O poll, inotify and unix signals. Usually Deadbeat just slacks around doing completely
+nothing until some data arives (be it primary data feed or answers to network queries).
+
+The code supports both Python 2.7+ and 3.0+.
+
+The library is part of SABU_ project, loosely related to Warden_, and often used to process
+IDEA_ events.
+
+.. _SABU: https://sabu.cesnet.cz
+.. _Warden: https://warden.cesnet.cz
+.. _IDEA: https://idea.cesnet.cz
 
 Copyright
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