The only area where a landline offers something VoIP phones can't is that they're more disaster resistant. Lost power to your house and your landline phone will keep on working. But if the power drops to your home's internet router, our VoIP phone goes dark, too. However, this limitation is less crippling these days as most people have a smartphone of some kind backing up their home phone. That phone will keep working in the event of a power outage, which means you can still make emergency calls. And if you've opted for a mobile client on your home VoIP account, you can even make those calls using your home phone number rather than your mobile number if you prefer.
From an end user point of view, the actual phone service works in the same way, you pick up the phone to answer a call or to dial a number just like with a landline service. Number porting means you can keep your existing phone number and simply switch it over to your new service provider. The residential VoIP providers take care of the call routing and you can call any destination and receive calls from anyone, just like with regular home phone service.