I just got a chance to work on the block-chain based platform. Could anybody help me understand the differences between IPFS and Ethereum?
Blockchain and IPFS are based on similar concepts of decentralized networks, but that's where their similarities end.
While blockchain shares a ledger with its nodes, IPFS is a peer to peer file-sharing system that hashes files (similar to the way blockchain hashes transactions), and then allows users to search for files based on those hashes.
IPFS and Blockchain are very different, and in fact you can use IPFS to store files while the hashes are kept on the blockchain. It would be like comparing Stack Overflow to Facebook. Both are websites living on the internet, but they accomplish very different tasks for their users.