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Can it be said, in a general sense, that Flash channels and Raiden are made for the same purpose? Both function in a way that a prepaid channel is being created and entities within exchange value off chain. Whenever any party decides to abandon the channel, they may do so.

Remark: I know the Tangle and Ethereum are two different implementations (Blockchain vs. DAG) however I think this question is still valid since they both fall beneath the DLT umbrella and it looks to me that they are designed to enable fast micropayments, off chain.

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    As far as I know, it is pretty much the same. In IOTA, however, you can create these channels without any fees – Werner der Champ Jan 9 '18 at 18:52
  • Seems like this is the case. I have found some references and will mash up an answer. – user3223162 Jan 10 '18 at 14:32
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I will conclude that both Raiden and Flash channels generally serve the same purpose. I'm basing my conclusion on this blogpost alongside David Sønstebøs answer on this Q&A session, I quote:

Question:

What's your opinion about the Lightning Network upgrade for blockchains?

Answer:

I consider it an ad-hoc half-measure to an inherently limited protocol. To me Lightning Network is only potentially useful for certain things, but even for those we have Flash Network

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