Magento officially announced the end date of support for Magento 1. Bearing in mind that many companies actively used Magento version 1, the official Magento support was systematically prolonged, but ultimately the company decided to publish the official end date of the support.
THE END OF SUPPORT FOR MAGENTO
IT'S TIME FOR MAGENTO 2
Magento 2 has come a long way to become a stable system that will ensure business security as good as Magento 1. Due to the achievement of the appropriate level of maturity by the new system, Magento decided to announce the ending date of support for the predecessor. It is, therefore, the best time to plan a migration to the new system. Currently, Magento 2 already has over 2,000 available extensions, and new solutions are created every quarter. The Magento 2.3 version is already on the horizon. Every quarter, nearly 8,000 new stores are opened in comparison to 30,000 existing stores. Magento 2 is definitely gaining momentum, new features are being expanded, moreover, the speed and efficiency are increasing with every new version. It is the best moment to migrate to the new system.