For all we know, it could be distinct layers all the way down to infinity. Each time you peel one, something completely different comes up. Never truly knowable. The universe has thrown more than a few hints that our obsession with precision and certainty could be seen cosmically as "silly".
In our current algorithmic-obsessed era, this is reminiscent of procedural generation (but down/up the scale of complexity, not "one man's sky" style of PG).
However, we also have a long track record of seeing the world as nails for our latest hammer. The idea of an algorithm, or even computation in general, could be in reality conceptually closer to "pointy stone tool" than "ultimate substrate".
> For all we know, it could be distinct layers all the way down to infinity. Each time you peel one, something completely different comes up. Never truly knowable. The universe has thrown more than a few hints that our obsession with precision and certainty could be seen cosmically as "silly".
That's a tempting thing to say, but quantum mechanics suggests that we don't have infinite layers at the bottom. Most thermodynamic arguments combined with quantum mechanics. See eg also https://en.wikipedia.org/wiki/Bekenstein_bound about the amount of information that can even in theory be contained in a specific volume of space time.