YO! i updated my firmware (and of course, i backed up my previous things) but when i load it, it the screen stays black and says loading. Whats going on..
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I remember my brother asking me this too. He also had 1.18 thinking it was the latest firmware, but it isn't.
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Though updating to the newest firmware that might not fix the problem. You could have a fake R4, shit from China you know? My bro's R4 worked normally for about 3-4 years, then it got to the point where he had to reinsert numerous times, trying different stupid ways, until it gets past that loading screen.