Foresight News reports that Botanix Labs has announced the launch of a new testnet for its Bitcoin Layer 2 network 'Spiderchain'. The newly released testnet, named 'Aragog', replaces the company's previously unnamed test network and is being launched alongside several 'pre-mainnet' applications, including the Bitcoin-backed stablecoin Palladium and an updated version of the decentralized exchange Blitzy. The team stated that Aragog will be the 'final step' before the network's mainnet launch in the first quarter of 2025. In addition to receiving an official name, Aragog will introduce a range of technological innovations. This includes an early experiment using Schnorr threshold signatures, a cryptographic technique that 'unites' multiple key holders into a single multi-signature address, thereby saving bandwidth and reducing the likelihood of errors. Furthermore, while 'testnet v0' was run by Botanix Labs using a single node, Aragog will have globally distributed nodes.