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We give a foundational account on topological racks and quandles. Specifically, we define the notions of ideals, kernels, units, and inner automorphism group in the context of topological racks. Further, we investigate topological rack modules and principal rack bundles. Central extensions of topological racks are then introduced providing a first step toward a general continuous cohomology theory for topological racks and quandles.
A continuous cohomology theory for topological quandles is introduced, and compared to the algebraic theories. Extensions of topological quandles are studied with respect to continuous 2-cocycles, and used to show the differences in second cohomology groups for specific topological quandles. A method of computing the cohomology groups of the inverse limit is applied to quandles.