At present we are having PHP 7.4 released this year in the month of Feb, and the stable version are PHP 7.2 & 7.3 which is used in many of the websites.
At present we are having PHP 7.4 released this year in the month of Feb, and the stable version are PHP 7.2 & 7.3 which is used in many of the websites.
What are the benefits of using the latest stable version?
The latest version is the most secure.
It's the fastest version and has the best performance, for example, PHP 7.3 is on average 9% faster than PHP 7.2.
It's the most compatible with the latest versions of popular CMSs like WordPress.
You won't end up in the situation where you are forced to update, because the PHP version you are using is about to reach end-of-life. (a PHP version is generally supported for 3 years)
PHP updates are done automatically, and in most cases, you won't even notice it