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What is the current character length of a memo on the ledger?

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There is no extra fee and memos are just raw bytes. How you interpret them is up to the receiver.

Edit:

Memos are used to give some extra data about a transaction, not to store data by the way. I'd expect servers that serve historic data to charge for access in the future or severly rate-limit, so don't expect to be able to access a lot of memos for free forever (unless of course you run your own server).

Edited by Sukrim

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