Researchers say that lightning network would drastically reduce the transaction fees, and prop up the value of bitcoin very much. But I am finding difficult to understand lightning network. And same thing is for Ethereum too.
Any idea.
I don't know what you mean when you say "the same thing is for Ethereum". Bitcoin and Ethereum are very different coins, and have very different goals, but I will say something about the LN first. As you should probably know by now, bitcoin, just using the blockchain has a scalability problem. The mempool is always working at max capacity, and that means there is a big "waiting list" of transactions to be verified and written into the blockchain.
Not going into details here, but imagine a book or ledger, where all bitcoin transaction are being written so that we know they are legit transactions. Imagine workers first verifying that the transaction is legit, and then writing all those transactions.
Since we only have a few number of workers, they just can't verify and write, everything fast enough, and transactions get delayed.
Now imagine that if you want a transaction to be verified and written first, you could pay some extra cash to those workers. Since that is possible, and not illegal, a lot of people keep paying more and more, to get their transactions worked first. This makes fees higher.
Now imagine that there are some transactions that are executed in a digital way before going to those workers. People trust those "channels" and keep making payments with each other there. Since it's all digital, it's fast and cheap (most of them actually free). Nothing is being recorded on that book right now, until those users make that request. So you have thousands of instant transactions being made, and only the "final one" being recorded on the book/ledger. This is the lightning network, and that's why it should solve the scalability and fees issues, related to bitcoin.
All of this is quite complicated, and I don't even have the knowledge to get into details, but I think this should give you a nice picture on how things will be done with the LN.