Is EOSIO Indeed a Futuristic Smart Contract Platform

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Decentralized apps (dApps ) mean keeping applications on a blockchain network of computers instead of keeping them under a single computer or single authority.

How does EOS Work?

EOS/ EOSIO is a blockchain platform to develop industrial-scale decentralized applications. Its aim is to overcome the challenges of Etherium by providing business-friendly tools for building dApps. EOS provides cryptocurrency tokens to purchase the computing resources used to run dApps on the EOSIO platform. The EOS blockchain is freely available and permissionless. This means that anyone can access, use, and develop without running a node, and also not need any approval to do any task.
Developers are using the EOSIO platform which helps developers to perform transactions at a very much lower cost through efficient resource management. 

Features of EOSIO

1. High throughput, faster confirmations, and low latency-
2. Programmable Economics and Governance
3. Business model adaptability
4. Network upgradability
5. Protocol Resource

Benefits of adopting the EOSIO  ecosystem

1. Higher Throughput - EOSIO has been benchmarked to process over 200 times more transactions per second
2. Low Latency-Applications designed on EOSIO has much lower latency than those on other blockchain platforms. In other words, a user won’t have to wait hours or even minutes to know if that email was sent, your payment was processed
3. Upgradable code -With EOSIO one can make modifications  
4. Extendable account-The accounts are human-readable names, instead of cryptographic strings of numbers and letters, which further enhance the usability & experience

Advantages of EOSIO

1. Speed
2. Scalability 
3. Flexibility 
4. Adaptability- This empowers designers to make dApps for some clients on a protected, decentralized stage without any problem. 
5. EOSIO is Generally Less expensive than Other Cryptographic forms of money                                                                                                                                                                                                                                                                

Disadvantages:

1. EOSIO/EOS has various competitors like Ethereum
2. Centralization

In conclusion, EOSIO take place of Ethereum in the future as it has improved transaction fees and scalability. Hence it has a lot of competitors but consists of advantages that make EOSIO stand out among all.