A black hole is a region of spacetime exhibiting such strong gravitational effects that nothing can escape even particles and electromagnetic radiation such as light. The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole. The boundary of the region from which no escape is possible is called the event horizon. Although the event horizon has an enormous effect on the fate and circumstances of an object crossing it, no locally detectable features appear to be observed. In many ways a black hole acts like an ideal black body, as it reflects no light. Moreover, quantum field theory in curved spacetime predicts that event horizons emit Hawking radiation, with the same spectrum as a black body of a temperature inversely proportional to its mass. This temperature is on the order of billionths of a kelvin for black holes of stellar mass, making it essentially impossible to observe.
Super Massive Black hole are expected to form when very massive stars collapse at the end of their life cycle. After a black hole has formed, it can continue to grow by absorbing mass from its surroundings. By absorbing other stars and merging with other black holes, supermassive black holes of millions of solar masses (M☉) may form. There is general consensus that supermassive black holes exist in the centers of most galaxies.
Despite its invisible interior, the presence of a black hole can be inferred through its interaction with other matter and with electromagnetic radiation such as visible light. Matter that falls onto a black hole can form an external accretion disk heated by friction, forming some of the brightest objects in the universe. If there are other stars orbiting a black hole, their orbits can be used to determine the black hole's mass and location. Such observations can be used to exclude possible alternatives such as neutron stars. In this way, astronomers have identified numerous stellar black hole candidates in binary systems, and established that the radio source known as Sagittarius A*, at the core of our own Milky Way galaxy, contains a supermassive black hole of about 4.3 million solar masses.
For better understanding please watch this amazing video by Kurzgesagt
source :
https://en.wikipedia.org/wiki/Black_hole
https://www.youtube.com/user/Kurzgesagt
https://www.youtube.com/watch?v=e-P5IFTqB98
http://media.fromthegrapevine.com/