Fossils are preserved remains or traces of ancient organisms, primarily found in sedimentary rocks, formed through various fossilization processes over thousands to millions of years. Types of fossils include trace fossils, mold and cast fossils, microfossils, chemical fossils, coprolites, wood fossils, subfossils, amber fossils, and living fossils, each providing unique insights into past life and ecosystems. The fossil record serves as a historical timeline detailing evolution, mass extinctions, climate changes, and biogeographical migrations.