regarding this post by Aliia | Correct way to update your site to 1.7.1
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1. deactivate all third-party plugins.
2. turn on 'Maintenance mode" in Admin Panel >Pages&Menus > Maintenance Page
3. enable DEBUG mode ( set to "true" in ow_includes/config.php)
4. perform platform update.
5. update native Oxwall plugins.
6. update your theme.
7. enable DEV mod in ow_includes/config.php
8. Turn "Maintenance Mode" off.
9. refresh any site page and disable DEV MODE: define('OW_DEV_MODE', false);

If everything is ok, activate and update third party plugins one by one. Check your site after updating each plugin. Contact plugin developer if you get any issues.

After update has been comleted make sure that ow_logs folder got renamed to  ow_log.
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I didn't have to do any of that stuff and my site runs fine right now!

This is what I did, was in the default theme and updated the core first, then I updated all plugins they where all (15) active when I did the plugin updates. Then I updated all (5) themes and that was it.

Everything went smooth and the site runs fine right now. Oh and my ow_logs folder is still named "ow_logs"

Wilson