What is the meaning of Malachi 3:16?

* The two F.O.G. Bibles & Commentary below are currently a work in progress.

At that time those who feared the LORD spoke with one another, and the LORD listened and heard them. So a scroll of remembrance was written before Him regarding those who feared the LORD and honored His name.

Berean Standard Bible (BSB)

Then those who feared Yahweh spoke one with another; and Yahweh listened, and heard, and a book of memory was written before him, for those who feared Yahweh, and who honored his name.

World English Bible (WEB)

Then they that feared{H3373} the LORD{H3068} spake often{H1696}{(H8738)} one{H376} to another{H7453}: and the LORD{H3068} hearkened{H7181}{(H8686)}, and heard{H8085}{(H8799)} it, and a book{H5612} of remembrance{H2146} was written{H3789}{(H8735)} before{H6440} him for them that feared{H3373} the LORD{H3068}, and that thought{H2803}{(H8802)} upon his name{H8034}.

Strong's King James

(16) Then since those who feared יהוה Yahweh spoke to one another, יהוה Yahweh listened attentively and heard. And a book of remembrance was written before Him for those who really fear יהוה Yahweh and respect His name.

The F.O.G*

The F.O.G Paraphrase

Then have those fearing Jehovah spoken one to another, And Jehovah doth attend and hear, And written is a book of memorial before Him Of those fearing Jehovah, And of those esteeming His name.

Young's Literal Translation