Which wallet do you mean? The wallet on SN?
Yes, the wallet on SN. I don't have the keys, but it looks like all the posts have a hash, so I assume it's a wallet and not a database.
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What hash? Are you talking about OTS? That's something different; nothing to do with LN transactions. See here: https://opentimestamps.org/
I can tell you with a 100% certainty that all tips are just transactions inside a database.
The code is open source, you can setup SN yourself and take a look: https://github.com/stackernews/stacker.news
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Yup, thanks for the link to the github. It's right there in the Wallet Transaction Safety section.
And you nailed it with the OTS, I incorrectly assumed it was a hash.
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Ah, you already saw it yourself. Nice.
No worries, happy to help.
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I realized you don't even need to setup SN yourself. It even says in the README that it's just a database:

wallet transaction safety

To ensure user balances are kept sane, all wallet updates are run in serializable transactions at the database level. Because prisma has relatively poor support for transactions all wallet touching code is written in plpgsql stored procedures and can be found in the prisma/migrations folder.
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