The `url` key is meant for the latest release (2.16.1). The `minorUrl` key is for the latest "minor" release (2.16).
PR #7652 adds the functionality to show the appropriate link in the upgrade notification based on the difference between the currently used and the latest version.
The current naming is conflicting with how the version number parts are
called accoring to semantic versioning. Wagtail does not strictly follow
semantic versioning, but it still seems reasonable to adopt the same
terminology as the rest of the world.
See related discussion in #7336 (in particular [this comment by @gasman](https://github.com/wagtail/wagtail/issues/7336#issuecomment-954223018))
Remove make-latest.sh, since there's now more information than we can sensibly construct from the command line - the file should now be uploaded to releases.wagtail.io with `./latest.sh put latest.txt`.