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Lightning Network has 1% success rate with transactions larger than $300


Lightning Network, a technology often touted as the solution to Bitcoin’s scalability problem, has been growing leaps and bounds in popularity in the recent months in spite of being at a nascent stage. The technology has been tested successfully for processing micro-transactions swiftly. But it seems Lightning Network still struggles with transferring bigger amounts. Lightning Network can only ensure 100 percent success rate for transactions of up to three cents,  a report by cryptocurrency research firm Diar suggests. The publication found that anytime someone uses the Lightning Network to transfer a sum larger than $5, there is 50-percent chance the transaction…

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