I would like to show that the sequence $(x_n)$ defined by $x_{n+1}=x_n^2+\frac{1}{4},x_0=0$ is convergent. To do this it suffices to show that the sequence is bounded and monotonic. If the sequence converges, I know it must be bounded above by $1$. Otherwise, let $x_n>1$ for some $n$. Then for each $x_{n+1}$, $x_{n+1}>x_n$, since $x^2>x$ for all $x>1$. This would imply that the sequence is divergent if it is not bounded above by $1$.
To show monotonicity, consider the following: $$x_{n+1}-x_n=x_n^2-x_n-\frac{1}{4}=0\implies x_n=\frac{1\pm\sqrt 2}{2}$$ These roots occur when $x_n<0$ and $x_n>1$, but the sequence $(x_n)$ is bounded above by $1$ and below by $0$, so $x_{n+1}-x_n$ is either strictly greater than or less than $0$. It is easy to check that $x_1>x_0$, so the sequence is increasing and therefore monotone.
I would like to verify that the work I have so far is correct. From here we have a hint that says to check that any limit $x$ must satisfy $x=x^2+\frac{1}{4}$ to show that the sequence converges to $\frac{1}{2}$.
I am not convinced that what I have for boundedness is correct, as it relies on the fact that the sequence is convergent when this is what we are trying to prove.