During object serialization, the default Java serialization mechanism writes the metadata about the object, which includes the class name, field names and types, and superclass. This class definition is stored as a part of the serialized object. This stored metadata enables the deserialization process to reconstitute the objects and map the stream data into the class attributes with the appropriate type
Everytime an object is serialized the java serialization mechanism automatically computes a hash value. ObjectStreamClass's computeSerialVersionUID() method passes the class name, sorted member names, modifiers, and interfaces to the secure hash algorithm (SHA), which returns a hash value.The serialVersionUID is also called suid.
So when the serilaize object is retrieved , the JVM first evaluates the suid of the serialized class and compares the suid value with the one of the object. If the suid values match then the object is said to be compatible with the class and hence it is de-serialized. If not InvalidClassException exception is thrown.