The collapse of massive stars produces the most bizarre objects in the Universe. In the last ten years, astronomers have been successfully searching for real black holes in the Universe. Black hole astrophysics began in the 1960s with the discovery of quasars and other active galactic nuclei (AGN) in distant galaxies. Already in the 1960s it became clear that the most natural explanation for the quasar activity is the release of gravitational energy through accretion of gas onto supermassive black holes. The remnants of this activity have now been found in the centers of about 50 nearby galaxies. BH astrophysics received a new twist in the 1970s with the discovery of the X-ray binary Cygnus X-1. The X-ray emitting compact object was too massive to be explained by a neutron star. Today, about 20 excellent BH candidates are known in XRBs. On the extragalactic scale, more than 100,000 quasars have been found in large galaxy surveys. At the redshift of the most distant ones, the Universe was younger than one billion year. The most enigmatic black hole candidates identified in the last years are the compact objects behind the Gamma-Ray Bursters. The formation of all these types of black holes is accompanied by extensive emission of gravitational waves. The detection of these strong gravity events is one of the biggest challenges for physicists in the near future.
Milestones in the history of black hole physicsBlack holes are the most bizarre objects in the Universe. Though they are black by definition (their horizon cannot emit any particles), they become visible in astronomical observations when matter is swallowed by the horizon. Due to the deep gravitational potential near the horizon, most of this radiation is emitted in Xand gamma-rays.Einstein and Schwarzschild. Black holes are the simplest objects one can think of within Einstein's theory of gravity. As Chandrasekhar [9] summarized in 1983, we need for their construction only the concepts of space and time. The source of gravity is ultimately a singularity hidden behind the event horizon. No equation of state for any matter is necessary for their understanding. Shortly after Einstein and Hilbert formulated the field equations for the gravitational field, Schwarzschild found already in 1916 the vacuum solution for nonrotating objects. In this solution, a scaling radius appears, known as the Schwarzschild radiuswhich sets the smallest radius for an object of given mass M . Neutron stars have radii bigger than about 2.5 Schwarzschild radii. Extending the Schwarzschild solution towards radii smaller than R S , opens up the branch of the nonrotating black holes with the Schwarzschild radius as the dimension of the horizon of the black hole. The surface r = R S defines a horizon from which no form of matter can escape to infinity.