A black hole is an astronomical object whose gravity is so strong that nothing—even light—can escape from within its event horizon. It forms when a massive star’s core collapses or through other processes, and may have an accretion disk of infalling matter that emits radiation. Supermassive black holes at galaxy centers influence stellar orbits, and mergers produce gravitational waves.
Source: nasa.gov
22/10/1995

In 1963 astronomers were astounded to discover that certain faint, star-like objects have very large redshifts. The large redshifts imply that these objects, now known as quasars (QUASi-stellAR objects), lie near the edge of the observable Universe. To be visible at such extreme distances of billions of light years, they must emit tremendous amounts of energy. Where does the energy come from? In the most widely accepted model, a quasar is the bright nucleus of an active galaxy powered by a central, supermassive black hole.