Bit stuffing adds an extra 0 bit whenever there are five consecutive 1s in data to prevent the receiver from mistaking the data for a flag. Congestion control techniques like warning bits, choke packets, load shedding, random early discard, and traffic shaping are used to efficiently manage network traffic during periods of high load. Traffic shaping algorithms like the leaky bucket and token bucket algorithms control transmission rates to smooth bursts and reduce congestion. The leaky bucket discards packets when the buffer overflows, while the token bucket does not discard packets but instead discards tokens.