The Switch Bridge to the Ethereum Network is now live. This means you can now transfer your digital rewards from the Switch blockchain to the Ethereum blockchain.
Why do we need the Bridge? The Switch Blockchain is a Layer 2 blockchain piggy backing off of Ethereum's Layer 1 blockchain. Currently these digital rewards we’ve been earning are on the Layer 2. They will have utility on Layer 2 in the future within Switch, but by bridging them to Ethereum's Layer 1 increase their utility.
When you bridge your digital rewards to the Ethereum blockchain, your digital rewards SWITCH tokens now become SWITCH ERC20 tokens. This then allows for transfers from a Layer 1 wallet to another Layer 1 wallet or the ability for potential trading on decentralized exchanges such as uniswap.
Click here to learn how to use the bridge
Disclaimer: SWITCH is a digital reward distributed through the Switch node network according to predetermined smart contracts. SWITCH is designed to have utility on the Switch platform for the purchase of Switch products and services, although other cryptocurrencies may be used as well. SWITCH is not available for purchase from Switch. SWITCH is not an investment product and may never have any value. Switch node owners should not expect to recognize any value from SWITCH other than its utility with Switch. Although Switch plans to undertake efforts to become a successful business, it is highly likely that SWITCH’s value will not correlate with the success or failure of Switch.