<ul data-eligibleForWebStory="true">Java allows for object serialization and deserialization, crucial in networking and file management.Serialization in Java is implemented through the java.io package, requiring classes to implement Serializable.ObjectOutputStream and ObjectInputStream handle serialization and deserialization in Java.The process involves writing object data to an OutputStream and reconstructing objects from the byte stream.Using transient keyword excludes fields from serialization to protect sensitive data.Externalization offers complete control over the serialization process by implementing Externalizable interface.Externalizable classes define methods for writing and reading object data during serialization and deserialization.Understanding serialization and externalization helps developers make informed decisions for efficient and safe Java applications.Serialization allows objects to persist beyond the JVM, useful for various applications like distributed systems.Serialization version identifier (UID) ensures compatibility during deserialization, preventing corrupt object data.