The document discusses trunk based development as an efficient software development strategy that encourages daily commits to the master branch, while outlining its advantages and challenges, such as the need for enhanced communication and handling merge conflicts. It emphasizes the 'branch by abstraction' technique for making large-scale changes progressively, ensuring back compatibility and facilitating easy feature toggling. Additionally, it provides practical examples of code migration and API adaptation strategies, along with safety measures like verification during the migration process.