What Traffic Engineering Tells Us About the Ethereum Merge
<p>When traffic engineers add lanes to a road, they assume doing so will reduce traffic jams. Intuitively, it makes sense. Roads get congested because too many people are driving on them, right? Add a lane, and congestion should go down.</p>
<p>Unfortunately, this doesn’t work in the real world. If you add another lane to a road, it doesn’t actually reduce congestion very much. Why? Now that drivers see the road is bigger, more people choose to drive on it.</p>
<p>Maybe before, they would’ve used public transit or taken a surface road. Seeing that a shiny new lane has opened, though, they come in droves. Traffic jams can actually increase when you add capacity to a road.</p>
<p>This strange phenomenon is called <a href="https://www.wired.com/2014/06/wuwt-traffic-induced-demand/" rel="noopener ugc nofollow" target="_blank">induced demand</a>. It applies to traffic engineering, and it almost certainly applies to crypto mining as well.</p>
<p><a href="https://blockchainlifetech.com/induced-demand-and-the-problem-with-eth2-7706df43b28d"><strong>Read More</strong></a></p>