Step 1: Write the recurrence relation.
\[ s_{n+1} = \sqrt{\dfrac{1 + s_n^2}{1 + \alpha}}. \]
Step 2: Assume the sequence converges to a limit \( L \).
Then, taking limit on both sides, \[ L = \sqrt{\dfrac{1 + L^2}{1 + \alpha}}. \]
Step 3: Solve for \( L \).
Squaring both sides: \[ L^2 = \dfrac{1 + L^2}{1 + \alpha} \Rightarrow L^2 (1 + \alpha) = 1 + L^2. \] \[ L^2 \alpha = 1 \Rightarrow L = \dfrac{1}{\sqrt{\alpha}}. \]
Step 4: Determine monotonicity.
Consider the difference \( s_{n+1} - s_n \). If \( s_n^2 < \dfrac{1}{\alpha} \), then from the recurrence relation, \[ s_{n+1} = \sqrt{\dfrac{1 + s_n^2}{1 + \alpha}} > s_n. \] Thus, \(\{s_n\}\) is monotonically increasing.
Step 5: Boundedness.
The sequence is bounded above by \( \dfrac{1}{\sqrt{\alpha}} \), since as \( s_n \) increases, \( s_{n+1} \to \dfrac{1}{\sqrt{\alpha}}. \)
Step 6: Conclusion.
The sequence \(\{s_n\}\) is increasing and bounded, hence convergent, with \[ \boxed{\lim_{n \to \infty} s_n = \dfrac{1}{\sqrt{\alpha}}.} \]