Let us solve the equality x2−1<0, which is equivalent to (x+1)(x−1)<0. The equation (x+1)(x−1)=0 has two roots x1=−1, x2=1.
Let us use number line test. For this draw the following intervals:

Since (−2)2−1=3>0, 02−1=−1<0, and 22−1=3>0, we conclude that the solutions of the inequality belongs to the real interval (−1,1).