The document discusses porting Python 2 code to Python 3. It notes there are many small differences between Python 2 and 3 like print becoming a function and some common data types being changed. The 2to3 tool can automatically port some code but may require manual fixes. Maintaining a single codebase with compatibility for both versions can become complicated over time. The best approach depends on factors like the expected development schedule. Porting large libraries requires testing and fixing failures, and the community can help with porting efforts.