Withdraw BitClout was recently launched by the influential blogger, Niccolo Rennebile. The project was created in order to help bloggers and marketers effectively remove money from their online campaigns and remove it from the platform, a process that most traditional blockage methods such as fundraisers and IPOs do not allow for. Withdraw BitClout is based on a patented technology called “bitcling”, which allows users to quickly recover funds that they have withdrawn.
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Using a little-known feature of the bitcoin protocol, Withdraw BitClout makes it possible for its users to instantly close their transactions, and prevent those transactions from happening in the future. By utilizing a special wallet address called a “secret public key,” the user is able to unlock their account and lock funds if they choose to. Once they’ve performed this action, the transaction is “withdrawn” or destroyed, from their computer’s memory. This is different from other methods of transaction, as most other methods require the user to wait around for a certain period of time before their funds are finally usable again.
In addition to using a secret, public key to unlock funds Withdraw BitClout offers two other unique features. First, users may use their secret keys to sign up for a free account at a service called MetaTrader. Once signed up, MetaTrader allows its users to “lock” funds into their wallets. This basically means that users can only withdraw certain amounts of money from their account, depending on how much balance they maintain in their MetaTrader account. Second, withdrawing money from the wallet address isn’t limited to the amount of money that you’re currently holding in your account; hence, you can withdraw as much money you want until you no longer have any. By taking advantage of these two features, you can effectively eliminate your need to use your standard credit card to withdraw funds from an ecommerce site.