fixup the bitswap readme

README.md

-#Welcome to Bitswap
-###(The data trading engine)
+# Bitswap
+
+## Protocol
+Bitswap is the data trading module for ipfs, it manages requesting and sending
+blocks to and from other peers in the network. Bitswap has two main jobs, the
+first is to acquire blocks requested by the client from the network. The second
+is to judiciously send blocks in its posession to other peers who want them.
+
+Bitswap is a message based protocol, as opposed to response-reply. All messages
+contain wantlists, or blocks. Upon receiving a wantlist, a node should consider
+sending out wanted blocks if they have them. Upon receiving blocks, the node
+should send out a notification called a 'Cancel' signifying that they no longer
+want the block. At a protocol level, bitswap is very simple.
+
+## go-ipfs Implementation
+Internally, when a message with a wantlist is received, it is sent to the
+decision engine to be considered, and blocks that we have that are wanted are
+placed into the peer request queue. Any block we possess that is wanted by
+another peer has a task in the peer request queue created for it. The peer
+request queue is a priority queue that sorts available tasks by some metric,
+currently, that metric is very simple and aims to fairly address the tasks
+of each other peer. More advanced decision logic will be implemented in the
+future. Task workers pull tasks to be done off of the queue, retreive the block
+to be sent, and send it off. The number of task workers is limited by a constant
+factor.
+
+Client requests for new blocks are handled by the want manager, for every new
+block (or set of blocks) wanted, the 'WantBlocks' method is invoked. The want
+manager then ensures that connected peers are notified of the new block that we
+want by sending the new entries to a message queue for each peer. The message
+queue will loop while there is work available and do the following: 1) Ensure it
+has a connection to its peer, 2) grab the message to be sent, and 3) send it.
+If new messages are added while the loop is in steps 1 or 3, the messages are
+combined into one to avoid having to keep an actual queue and send multiple
+messages. The same process occurs when the client receives a block and sends a
+cancel message for it.
 
-Bitswap is the module that is responsible for requesting and providing data
-blocks over the network to and from other ipfs peers. The role of bitswap is
-to be a merchant in the large global marketplace of data.
-
-##Main Operations
-Bitswap has three high level operations:
-
-- **GetBlocks**
-  - `GetBlocks` is a bitswap method used to request multiple blocks that are likely
-to all be provided by the same set of peers (part of a single file, for example).
-
-- **GetBlock**
-  - `GetBlock` is a special case of `GetBlocks` that just requests a single block.
-
-- **HasBlock**
-  - `HasBlock` registers a local block with bitswap. Bitswap will then send that
-block to any connected peers who want it (with the strategies approval), record
-that transaction in the ledger and announce to the DHT that the block is being
-provided.
-
-##Internal Details
-All `GetBlock` requests are relayed into a single for-select loop via channels.
-Calls to `GetBlocks` will have `FindProviders` called for only the first key in
-the set initially, This is an optimization attempting to cut down on the number
-of RPCs required. After a timeout (specified by the strategies
-`GetRebroadcastDelay`) Bitswap will iterate through all keys still in the local
-wantlist, perform a find providers call for each, and sent the wantlist out to
-those providers. This is the fallback behaviour for cases where our initial
-assumption about one peer potentially having multiple blocks in a set does not
-hold true.
-
-When receiving messages, Bitswaps `ReceiveMessage` method is called. A bitswap
-message may contain the wantlist of the peer who sent the message, and an array
-of blocks that were on our local wantlist. Any blocks we receive in a bitswap
-message will be passed to `HasBlock`, and the other peers wantlist gets updated
-in the strategy by `bs.strategy.MessageReceived`.
-If another peers wantlist is received, Bitswap will call its strategies
-`ShouldSendBlockToPeer` method to determine whether or not the other peer will
-be sent the block they are requesting (if we even have it).
-
-##Outstanding TODOs:
-- [ ] Ensure only one request active per key
-- [ ] More involved strategies
-- [ ] Ensure only wanted blocks are counted in ledgers