What is the consensus mechanism adopted by Statter Network?

I'm curious to know, could you please elaborate on the consensus mechanism that Statter Network utilizes? Understanding the specific approach they've taken in achieving network consensus is crucial for assessing the security, scalability, and overall performance of their blockchain platform. I'm particularly interested in whether they've opted for a traditional consensus algorithm like Proof of Work (PoW) or Proof of Stake (PoS), or if they've implemented a more innovative solution tailored to their unique requirements. Can you provide some insights into how their consensus mechanism operates and what benefits it offers over other approaches?