What network is eGLD on?

Could you elaborate on the network that eGLD, also known as Elrond Gold, operates on? I'm curious to understand the underlying technology and infrastructure that supports this cryptocurrency. Specifically, is eGLD built on a public blockchain, a private blockchain, or a hybrid solution? Additionally, does it utilize any specific consensus mechanism like Proof of Work, Proof of Stake, or something else entirely? Clarifying these details would help me gain a deeper understanding of the technical aspects of eGLD and how it functions within the broader cryptocurrency ecosystem.