chore: update README.md

README.md

@@ -1,23 +1,66 @@
 # react-native-video
 
-<Video /> Component for React Native
+This is (PoC) v7 version of the react-native-video library.
+It's experimental and not recommended for production use.
+
+It's working both on New and Old Architecture.
+
+## Requirements
+
+- Please see [nitro requirements](https://nitro.margelo.com/docs/minimum-requirements)
+- React Native 0.75 or higher
 
 ## Installation
 
+You have to install `react-native-nitro-modules` (>=0.13.0) in your project.
 ```sh
-npm install react-native-video
+yarn install react-native-nitro-modules
+```
+
+Then install the package
+
+> [!IMPORTANT]  
+> This package is not published on npm yet. You have to install it from the local path.
+
+```sh
+yarn install react-native-video
 ```
 
 ## Usage
 
 
 ```js
-import { VideoView } from "react-native-video";
+import * as React from 'react';
+import { VideoView, createPlayer } from "react-native-video";
 
-// ...
+const VideoPlayer = () => {
 
-<VideoView color="tomato" />
+  // Remember to create a player instance outside of the render method to avoid creating a new instance on each render
+  // You can also use useMemo to memoize the player instance
+  const player = React.useMemo(() => createPlayer('https://www.w3schools.com/html/mov_bbb.mp4'), []);
+
+  // Usage of player
+
+  // Methods
+  player.play();
+  player.pause();
+
+  // Properties
+  player.currentTime = 10;
+  player.volume = 0.5;
+
+  // Usage of VideoView
+  return (
+    <VideoView
+      player={player}
+      style={{ width: 300, height: 300 }}
+    />
+  );
+};
 ```
+## Known issues
+- [ ] Android: After passing player to second VideoView, the first VideoView will permanently lose player - We need to think how to handle this case - what should happen when player is passed to another VideoView - should we detach it from the previous one and return to it after detaching from the new one?
+- [ ] Android: VideoView does not show video on New Architecture - For some reason native event `onNitroIdChange` is fired but not received in JS Component
 
 
 ## Contributing