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  The Circle 

Description:
The Circle is a scalable decentralized peer to peer application. Which is quite a mouthful. In English, what this means is that it is free from any kind of control, there's no central authority running the show. Which means no censorship, no entry taxes, no one booting you off the network, and no weak point which can break the whole system. As long is there's one Circle peer running, anywhere in the world, there's still a network. What is more, unlike gnutella, things won't start breaking once the network gets big.

The Circle currently provides
File sharing, Instant messaging and IRC style chat and a personalized, trust based news service.

Developer:
Paul Harrison

Website:
http://www.csse.monash.edu.au/~pfh/circle/

P2P Faq & tutorials:
Click here