High Quality Content by WIKIPEDIA articles! Overnet was a decentralized peer-to-peer computer network, usually used for sharing large files (e.g., movies and CD images). Overnet implements the Kademlia algorithm. In late 2006, Overnet and all Overnet-owned resources were taken down as a result of legal actions from the RIAA and others. However, since the core of Overnet is decentralized, Overnet clients are still able to function with limited functionality.