inline edit and size of fields

when i create a field it says inline edit.

what does this mean?

if I create a field as text, does it matter database and performance wise if its 255 or 25 in size?

Question 1:

It means you can edit the field from either the List View or Detail View instead of having to enter into the Edit screen of the record. Its to speed up user editing.

Question 2:

Depends on how big your database will end up being. Most cases no it doesn’t matter the time to save and retrieve and report data is fractional.

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ok we have a few hundred thousands of records in the DB. the database is set as varchar for the columns, but in CRM it’s set up as text 255.