Magento has announced End of Life (EOL) for all the Magento 1 versions, i.e., no security patch or support updates after June 30th, 2020. 2. Magento 2's extraordinary performance over Magento 1, some highlights: 50% Faster Page Load Speed 38% Faster Checkout Speed Capability to process 117% More Orders Per Hour Magento 2 can Handle 2.1 Million More Page Views Per Hour