License Key Renewal

I am using lighburn version 1.3.01 and need to update to version 1.6.00, if I enter my existing license key and renew my existing key, will my version of lighburn update to 1.6.00?

Based on the premise of the question I’ll assume that your current update period has expired.

I also assume you mean in the Renewal page of the LightBurn store.

If so, then yes, that would allow your current key to get another year’s worth of updates including 1.6.00.

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What happens after this one year of updates?
Do you stay at the latest version that was available on the last day of this period?
Or do you get reverted back to the original (in the case above 1.3.01)

You stay at the latest version that was available on the last day of this period.