New blocks have a statistical probability of being produced every ten minutes.
BOLT::
BOLT is an acronym for Basics Of Lightning Technology.
The formal specification of the Lightning Network Protocol is called Basics Of Lightning Technology.
It is located at https://github.com/lightningnetwork/lightning-rfc .
This is different to Bitcoin where the reference implementation bitcoin core serves the purpose of being the specification.
BOLT, or Basics Of Lightning Technology, is the formal specification of the Lightning Network Protocol. It serves only as such without delving into implementation, unlike bitcoin, in which both are one and the same. It is available in it's entirety on the lightning network's github page, in the lightning-rfc repository.
Breach Remedy Transaction::
A transaction claiming the outputs of a Revocable Sequence Maturity Contract with the help of the revocation key.