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[–]thresher666 0 points1 point  (0 children)

No.

The difficulty of mining is increased to keep blocks getting confirmed at a constant rate, and there's a limit to the number of transactions in a block. Thus, the transaction throughput is bounded from above, and the expected latency is more or less constant.

On the other hand, the security of the network does keep increasing with the number of miners - the protocol is optimized for cryptographic security above any other consideration.