A new Ethereum Improvement Proposal, or EIP, has emerged amid opposition from miners to scheduled changes to the network'south fee marketplace. While some are looking to the proposal as a ways to cool flaring tensions between Ethereum's miners and developers, the EIP appears to accept secured petty support from the community.

In recent weeks, tensions have escalated over EIP-1559 — an upgrade slated for integration in July that is expected to discipline Ethereum's volatile fee market while significantly impacting miner revenues.

The new proposal, EIP-3368, advocates that cake rewards immediately be increased to 3 Ether (ETH) then reduced to 1 Ether over the two years following EIP-1559'south implementation to ease the impact on miners of Ethereum's transition to proof-of-stake.

On Saturday, Ethereum developer Tim Beiko took to Twitter to share EIP-3368, encouraging robust contend over the proposal inside the Ethereum community. While Beiko emphasized that EIP-3368 "is not accustomed" or "scheduled for a fork" all the same, the developer described the proposal as "the well-nigh tangible thing to come out of miner conversations [regarding EIP-1559] in the past few weeks."

While many mining pools have long opposed EIP-1559, news that the upgrade is scheduled for deployment in July saw prominent miners threaten to organize a "show of force" in which EIP-1559'southward opposers would divert their hashing power to a unmarried pool for 51 hours.

However, in response to EIP-3368, Red Panda Mining, a social influencer and crypto miner who was among those pushing for a miner rebellion, pledged their back up for the proposal and announced they will "rescind from the evidence of force":

While the comments from Red Panda Mining and Beiko suggest Ethereum'southward miners and developers may be readying to work toward some form of compromise, discussions regarding EIP-3368 on the Ethereum Magicians forum suggest Ethereum'south community is nonetheless very divided.

User "Light-green" described the proposal as "a subsidy of users to miners to delay impending alter," adding:

"The personal business organisation decisions of miners are not the concern of Ethereum users. You don't socialize profits, and so yous don't socialize losses."

Other forum users emphasized efforts from Ethereum's cadre developers to expedite the existing network'southward chain-merge with Ethereum ii.0, describing EIP-3368 every bit merely delaying the inevitable. "DCInvestor" said: "Further, adaptation of this form simply delays the inevitable every bit we motility swiftly towards a merge of eth1 and eth2, where PoW mining rewards will be zero."

"IMO, we should avert measures which encourage further investment in mining hardware by miners given this reality," they added.

In that location as well appears to be resistance to EIP-3358 from inside the miner customs, with numerous replies to Carmine Panda Mining on Twitter indicating that many miners still wish to go along with a show of strength.