I have been working on a new definition of real numbers which I think is a better foundation for real numbers and seems to be a theoretical version of what you are doing practically. I am currently calling them rational betweenness relations. Namely, it is the set of all rational intervals that contain the real number. Since this is circular, it is really about properties that a family of intervals must satisfy. Since real numbers are messy, this idealized form is supplemented with a fuzzy procedure for figuring out whether an interval contains the number or not. The work is hosted at (https://github.com/jostylr/Reals-as-Oracles) with the first paper in the readme being the most recent version of this idea.

The older and longer paper of Defining Real Numbers as Oracles contains some exploration of these ideas in terms of continued fractions. In section 6, I explore the use of mediants to compute continued fractions, as inspired by the old paper Continued Fractions without Tears ( https://www.jstor.org/stable/2689627 ). I also explore a bit of Bill Gosper's arithmetic in Section 7.9.2. In there, I square the square root of 2 and the procedure, as far as I can tell, never settles down to give a result as you seem to indicate in another comment.

For fun, I am hoping to implement a version of some of these ideas in Julia at some point. I am glad to see a version in Python and I will no doubt draw inspiration from it and look forward to using it as a check on my work.