Asteroid
An asteroid is a small astral body (they are typically composed of ice, metal and rock) that orbits the Sun (in our Solar System, that is) too small to have reached hydrostatic equilibrium (read: basically to be more-or-less spherical (i.e., spheroidal) and not an irregularly shaped flying space rock) and that unlike a comet suffers no outgassing that causes it to be enveloped in a cloud called a "coma".[note 1] Sizes range from pretty much whatever you want (car-sized rocks or even less) to Ceres. Ceres is classified as a dwarf planet because it's spheroidal but resides in the asteroid belt; it is considered to Be around 1,000 kilometers.
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A bit of history
One of the biggest, Ceres, was discovered back in the 19th century and was at first considered to be a planet. The same happened with those few that were found in the next decades until the astronomer William Herschel proposed to name them asteroids, as most of them appeared star-like and did not resolve into disks unlike real planets in the telescopes of those years.[note 2] Despite that suggestion the term "asteroid" and "planet" were used interchangeably until someone noticed the mess that was to have a Solar System with hundreds of planets, as visual observation was replaced by photography to hunt them and the number of asteroids simply exploded (imagine making a diorama of 1.9 million asteroids), and "asteroid" was the term used for them until the IAU changed it a bit in 2006 and placed asteroids, comets, and other, similar objects into the category of "small Solar System bodies".
Nomenclature of these bodies uses a number to indicate its order of discovery plus a name (2 Vesta, for example), and began using female names taken from Greco-Roman mythology following the trend used for Solar System bodies. Once the pool was exhausted astronomers began to use male names transformed into female ones (as 349 Dembowska), male ones mythological or not (eg: 624 Hektor), names female or not from other mythologies (ie: 2715 Mielikki), and even those from deceased people, fictional characters, etc (25924 Douglasadams, 2309 Mr. Spock…)
Origin and composition
It is currently thought that asteroids are remnants of the good ol' days when the Solar System was forming and there were rocks galore flying about. The largest of them (Ceres and Vesta
Early theories suggested that the asteroids could have been what remains of a planet located in what's now the asteroid belt (see below) between Mars and Jupiter, that either went boom by itself of was destroyed by a collision with another large body and entering into crank and bad science-fiction territory, said planet
Broadly speaking, asteroids can be classified into "carbonaceous" (with carbon in addition to rock, thus very dark and assumed to come from the crust of those shredded large ones), "stony" ('nuff said, coming from their rocky mantles), "metallic" (also self-explanatory, remnants from their cores), and those of peculiar composition as Vesta. However nature is far more complex than that and numerous more detailed
Where to find them
Most asteroids -you can spot the brightest of them as the already mentioned Ceres and Vesta with a pair of binoculars if you know where to look- live as mentioned above between the orbits of Mars and Jupiter in what's known as the "asteroid belt"[note 4] doing what asteroids do all time: watching pr0n on the Galactic Internet, having a good time alone, or metallic ones listening to good heavy metal rotating, basking on the faint sunlight of those distances, waiting for the day bipedal apes who live on the third big rock from the Sun will send a probe to study them, and as commented above crashing among themselves. And no, controllers of spacecraft sent to that place or the outer Solar System have not to dodge them as Han Solo in The Empire Strikes Back while chased by TIE Fighters and Darth Vader's fleet as it's pretty much empty despite being up to millions of them.[note 5] However, as said crashes and/or gravitational interactions with the real planets can expel them from their orbits, one can find them in places such as Jupiter's orbit (trojan asteroids)
Hazards
That stray asteroids can pass close to Earth means that sooner or later they could collide with either the former or the Moon (they simply do not care), which not only is bad for them but can also be very hazardous for the health of planetary inhabitants, as in causing effects that begin from harmless ones (shooting stars) and scale up to the very bad luck of one making your day by falling into either your house or car or, worse, you, the equivalent of a nuclear weapon detonating in the atmosphere and ruining the day of quite a number of people
Woo
Since asteroids (and comets) can ruin our day or worse, some woo-meisters will either exaggerate claims of space agencies about the probability of a given body deciding to go kamikaze on Earth, claiming to have information that They hide, or simply invent them — of course the end result is always that the asteroid/comet crashes into Earth and kills us/causes the NWO to rise from the ashes/signals the Second Coming/whatever. Just look for "asteroid" here and have fun.
Notes
- This is just an outline, to read more on this topic the other Wiki has an article
File:Wikipedia's W.svg waiting for you - And modern ones too unless you use the Hubble, tricks like adaptive optics, non-telescopic methods such as a radar for those close enough, or better yet mount your scope into a spacecraft and chase one
- These ones are also known as protoplanets
File:Wikipedia's W.svg , as most of them would have coalesced forming the rocky planets - The bodies of the Kuiper belt
File:Wikipedia's W.svg are not discussed here, as they are too far away and mainly composed of ice, even if there's the possibility of Ceres herself as well as other much smaller bodies of similar composition coming from there - Scaling down things, scatter one or two handfuls of very fine sand in a few square kilometers and you'll be able to picture (in 2-D) how sparse is the belt