diff --git a/README.md b/README.md
index 865acb9..5b650fb 100644
--- a/README.md
+++ b/README.md
@@ -1,15 +1,16 @@
 <p align="center">
-  <img width="400px" src="https://github.com/user-attachments/assets/a20467f1-7831-4fa4-8d2c-39f1fe749e57">
+  <img width="400px" src="https://github.com/user-attachments/assets/98f94c1c-ed6f-49a3-b906-c328035d981e">
 </p>
 
-# dpf
-**dpf** (dangoware picture format) is a simple image format designed 
+# SQP
+**SQP** (Squishy Picture) is a simple image format designed 
 for ease of encoding and decoding while maintaining a relatively good 
 compression ratio for various purposes. The general idea is to make
 something "good enough" while being simple.
 
-This reference implementation fits in around 400 lines of relatively 
-simple Rust, while maintaining decent decompression speeds.
+This reference implementation fits in under 1000 lines of relatively 
+simple Rust, while maintaining decent compression and decompression
+speeds.
 
-Currently, only a lossless encoding scheme is supported. In the future,
-a simple lossy encoding would be an interesting addition.
+Additionally, it also supports both lossless and lossy encoding schemes,
+with the lossy version using Discrete Cosine Transform encoding like JPEG.