[Updated at 2:23 p.m. ET]
Like the one in which Benedict XVI was chosen in 2005, this election didn't take long. The white smoke comes on just the conclave's second day.
We have a few steps to take before we learn who the new pope is. Here's what we've been told will happen next:
-- The new pope will leave the Sistine Chapel to put on his papal robes, then re-enter the chapel for prayer with the cardinals.
-- The cardinals will then line up to congratulate the new pope and promise their obedience to him.
-- The pope will then go back to Pauline Chapel to pray for a few moments.
-- Only then will the pope prepare to reveal himself to the public. At the balcony of St. Peter's Basilica, proto-deacon Cardinal Jean-Louis Tauran (assuming Tauran himself wasn't elected) will appear and announce the new pope's old name, and the name he will be known as from now on.
-- The pope will then appear on the balcony.
[Posted at 2:09 p.m. ET]
White smoke above the Sistine Chapel have made it official: The Roman Catholic Church has a new pope.
Bells are ringing at the Vatican, and thousands of people gathered in the square are cheering.
We'll find out in the minutes to come who the new pope is. Stay with us as we find out.