Internet growth seems to amplify the critiques to peer review mechanism: many researchers maintain that Internet would allow a faster, more interactive, and more effective model of publishing. However, just removing peer review would lead to a lack of quality control in scholarly publications. We propose a new kind of electronic scholarly journal, in which the standard submission-review-publication process is replaced by a more democratic approach, based on judgments expressed by the readers. The new electronic scholarly journal is described in both intuitive and formal ways.