That's fine for installing patches to the same version, and updates to some major software, but you won't receive all the new features, and since versions are only supported for 13-months you'll stop receiving updates by then. It's good to familiarise yourself with the release cycle https://docs.fedoraproject.org/en-US/releases/lifecycle/
This is like asking somebody what the US Pledge of Allegiance is and they respond “God Save the King”. The answer is very succinct but also uselessly, dangerously, and maybe offensively wrong.