Is azero proof of stake?

Could you please clarify if Azero utilizes a proof-of-stake consensus mechanism in its blockchain? Proof-of-stake is a popular consensus algorithm in the cryptocurrency space, and it's essential to understand the underlying technology that powers a project like Azero. Is Azero indeed leveraging this approach, or does it employ a different method for achieving consensus and validating transactions on its network? Understanding the consensus mechanism is crucial for evaluating the security, decentralization, and scalability of the platform.