(related to Proposition: Existence of Real One (Neutral Element of Multiplication of Real Numbers))
Note that since the rational Cauchy sequence of ones \((1)_{n\in\mathbb N}\) exists, it is also true that the real number \(1:=(1)_{n\in\mathbb N} + I\) exists. It remains to be shown that the real number \(1\) is neutral with respect to the multiplication of real numbers. Let \(x=(x_n)_{n\in\mathbb N}+I\) be a real number. Because the rational Cauchy sequence \((1)_{n\in\mathbb N}\) is neutral with respect to the addition of rational Cauchy sequences, it follows that
\[\begin{array}{ccll} x\cdot 1&=&((x_n)_{n\in\mathbb N}+I)\cdot ((1)_{n\in\mathbb N}+I)&\text{by definition of real numbers}\\ &=&((x_n)_{n\in\mathbb N}\cdot (1)_{n\in\mathbb N})+I&\text{by definition of multiplying real numbers}\\ &=&(x_n)_{n\in\mathbb N}+I&\text{because }(1)_{n\in\mathbb N}\text{ is neutral element of multiplication of rational Cauchy sequences}\\ &=&x&\text{by definition of real numbers}\\ \end{array}\]
It remains to be shown that also the equation \(1\cdot x=x\) holds for all \(x\in\mathbb R\). It follows immediately from the commutativity of multiplying real numbers.