The document discusses microservices as a new software architecture paradigm. It defines microservices as small, independent processes that work together to form an application. The key benefits of microservices are that they allow for easier, faster deployment of features since each service is its own deployment unit and teams can deploy independently without integration. However, the document also notes challenges of microservices such as increased communication overhead, difficulty of code reuse across services, and managing dependencies between many different services. It concludes that microservices are best for projects where time to market is important and continuous delivery is a priority.