【Botanix Lab launches final testnet for Spiderchain, mainnet to go live in Q1 next year】 Jinse Finance reports that Botanix Labs has announced the launch of a new testnet for its Bitcoin Layer 2 network 'Spiderchain'. The release, named 'Aragog Testnet', replaces the company's previously unnamed test network and comes with multiple 'pre-mainnet' applications, including an updated version of the Bitcoin-supported stablecoin Palladium and the decentralized exchange Blitzy. The team stated that Aragog will be the 'final step' before the network launches its mainnet in Q1 2025. In addition to receiving an official name, Aragog will introduce a series of technological innovations. This includes an early experiment using Schnorr threshold signatures, a cryptographic technique that 'joins' multiple key holders into a single multi-signature address, thereby saving bandwidth and reducing the likelihood of errors. Furthermore, while 'Testnet v0' was operated by Botanix Labs using a single node, Aragog will have globally distributed nodes.