Update 'README.md'

README.md

 
 Requirements:
         PHP 5.2+
-        telnet (IRC backend)
-        Read-Write access for .webirc.log and .webirc.input (server side stuffs)
+        Read-Write access for working directory
 
 Installation:
         ~Download webirc-client
         ~Extract it to desired web server / htdocs directory
-        ~Customize config.php / webirc.conf to your likings
+        ~Customize config.php to your liking
         ~Use it!
 
 Changelog:
-	v1.0.1:
+    v1.2.0:
+        -Server backend rewrite, all now using PHP and socket_connect / socket_recv / socket_write
+        -Server.php cleanup. 
+        -Simple ping / pong between irc.php and the ajax web client (disconnect user if user not active after 10s)
+
+    v1.0.1:
 		-Add message, and server activity timestamps to chat logs.
 
-        v1.0.0:
-                -Probably going to do something with it!
-                -Functioning as a bash / php based IRC web client!
+    v1.0.0:
+        -Probably going to do something with it!
+        -Functioning as a bash / php based IRC web client!
 
 Legal stuff:
-        webirc-client is based from microchat and has been greatly modified for this project.
         License: GPLv2