Describe the process of meiosis and its significance.

Meiosis is a type of cell division that reduces the chromosome number by half. It involves two rounds of division: meiosis I and meiosis II. In meiosis I, homologous chromosomes are separated, and crossing over occurs, which creates genetic diversity. In meiosis II, similar to mitosis, sister chromatids are separated. Meiosis results in four non-identical haploid cells, which are essential for sexual reproduction, ensuring genetic variation in offspring.