diff --git a/database/migrations/0027-decimal_types.ts b/database/migrations/0027-decimal_types.ts
new file mode 100644
index 000000000..f6f951b5b
--- /dev/null
+++ b/database/migrations/0027-decimal_types.ts
@@ -0,0 +1,222 @@
+/* MIGRATION TO INTRODUCE THE DECIMAL TYPE
+ *
+ * This migration adds fields of type DECIMAL
+ * and corrects the corresponding values of
+ * each by recalculating the history of all
+ * user transactions.
+ *
+ * Furthermore it increases precision of the
+ * stored values and stores additional data
+ * points to avoid repetitive calculations.
+ *
+ * It will also add a link to the last
+ * transaction, creating a linked list
+ *
+ * And it will convert all timestamps to
+ * datetime.
+ */
+
+/* eslint-disable @typescript-eslint/explicit-module-boundary-types */
+/* eslint-disable @typescript-eslint/no-explicit-any */
+
+import Decimal from 'decimal.js-light'
+
+// Set precision value
+Decimal.set({
+  precision: 20,
+  rounding: Decimal.ROUND_HALF_UP,
+})
+
+const DECAY_START_TIME = new Date('2021-05-13 17:46:31') // GMT+0
+
+interface Decay {
+  balance: Decimal
+  decay: Decimal | null
+  start: Date | null
+  end: Date | null
+  duration: number | null
+  startBlock: Date
+}
+
+export enum TransactionTypeId {
+  CREATION = 1,
+  SEND = 2,
+  RECEIVE = 3,
+}
+
+function decayFormula(amount: Decimal, seconds: number): Decimal {
+  return amount.mul(
+    new Decimal('0.9999999780350404897320120231676707941346052083737611936473').pow(seconds),
+  )
+}
+
+function calculateDecay(amount: Decimal, from: Date, to: Date): Decay {
+  const fromMs = from.getTime()
+  const toMs = to.getTime()
+  const decayStartBlockMs = DECAY_START_TIME.getTime()
+
+  if (toMs < fromMs) {
+    throw new Error('to < from, reverse decay calculation is invalid')
+  }
+
+  // Initialize with no decay
+  const decay: Decay = {
+    balance: amount,
+    decay: null,
+    start: null,
+    end: null,
+    duration: null,
+    startBlock: DECAY_START_TIME,
+  }
+
+  // decay started after end date; no decay
+  if (decayStartBlockMs > toMs) {
+    return decay
+  }
+  // decay started before start date; decay for full duration
+  if (decayStartBlockMs < fromMs) {
+    decay.start = from
+    decay.duration = (toMs - fromMs) / 1000
+  }
+  // decay started between start and end date; decay from decay start till end date
+  else {
+    decay.start = DECAY_START_TIME
+    decay.duration = (toMs - decayStartBlockMs) / 1000
+  }
+
+  decay.end = to
+  decay.balance = decayFormula(amount, decay.duration)
+  decay.decay = decay.balance.minus(amount)
+  return decay
+}
+
+export async function upgrade(queryFn: (query: string, values?: any[]) => Promise<Array<any>>) {
+  // Add Columns
+
+  // add column `previous` for a link to the previous transaction
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `previous` int(10) unsigned DEFAULT NULL AFTER `user_id`;',
+  )
+  // add column `dec_amount` with temporary NULL and DEFAULT NULL definition
+  // TODO default
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `dec_amount` DECIMAL(36,20) NULL DEFAULT NULL AFTER `type_id`;',
+  )
+  // add column `dec_balance` with temporary NULL and DEFAULT NULL definition
+  // TODO default
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `dec_balance` DECIMAL(36,20) NULL DEFAULT NULL AFTER `dec_amount`;',
+  )
+  // add new column `dec_decay` with temporary NULL and DEFAULT NULL definition
+  // TODO default
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `dec_decay` DECIMAL(36,20) NULL DEFAULT NULL AFTER `dec_balance`;',
+  )
+  // add new column `decay_start` with temporary NULL and DEFAULT NULL definition
+  // TODO default
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `decay_start` datetime DEFAULT NULL AFTER `dec_decay`;',
+  )
+
+  // Modify columns
+
+  // modify date type of `balance_date` to datetime
+  await queryFn(
+    'ALTER TABLE `transactions` MODIFY COLUMN `balance_date` datetime NOT NULL DEFAULT current_timestamp() AFTER `dec_balance`;',
+  )
+  // modify date type of `creation_date` to datetime
+  await queryFn(
+    'ALTER TABLE `transactions` MODIFY COLUMN `creation_date` datetime NULL DEFAULT NULL AFTER `balance`;',
+  )
+
+  // Temporary columns
+
+  // temporary decimal column `temp_dec_send_sender_final_balance`
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `temp_dec_send_sender_final_balance` DECIMAL(36,20) NULL DEFAULT NULL AFTER `linked_transaction_id`;',
+  )
+  // temporary decimal column `temp_dec_diff_send_sender_final_balance`
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `temp_dec_diff_send_sender_final_balance` DECIMAL(36,20) NULL DEFAULT NULL AFTER `temp_dec_send_sender_final_balance`;',
+  )
+  // temporary decimal column `temp_dec_old_balance`
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `temp_dec_old_balance` DECIMAL(36,20) NULL DEFAULT NULL AFTER `temp_dec_diff_send_sender_final_balance`;',
+  )
+  // temporary decimal column `temp_dec_diff_balance`
+  await queryFn(
+    'ALTER TABLE `transactions` ADD COLUMN `temp_dec_diff_balance` DECIMAL(36,20) NULL DEFAULT NULL AFTER `temp_dec_old_balance`;',
+  )
+
+  // Find all users & loop over them
+  const users = await queryFn('SELECT user_id FROM transactions GROUP BY user_id')
+  for (let u = 0; u < users.length; u++) {
+    // find all transactions for a user
+    const transactions = await queryFn(
+      `SELECT * FROM transactions WHERE user_id = ${users[u].user_id} ORDER BY balance_date ASC;`,
+    )
+    let previous = null
+    let balance = new Decimal(0)
+    for (let t = 0; t < transactions.length; t++) {
+      const transaction = transactions[t]
+
+      // This should also fix the rounding error on amount
+      let decAmount = new Decimal(transaction.amount).dividedBy(10000).toDecimalPlaces(2)
+      if (transaction.type_id === TransactionTypeId.SEND) {
+        decAmount = decAmount.mul(-1)
+      }
+      // dec_decay
+      const decayStart = previous ? previous.balance_date : transaction.balance_date
+      const decay = calculateDecay(balance, decayStart, transaction.balance_date)
+      balance = decay.balance.add(decAmount)
+      const tempDecSendSenderFinalBalance = transaction.send_sender_final_balance
+        ? new Decimal(transaction.send_sender_final_balance).dividedBy(10000)
+        : null
+      const tempDecDiffSendSenderFinalBalance = tempDecSendSenderFinalBalance
+        ? balance.minus(tempDecSendSenderFinalBalance)
+        : null
+      const tempDecOldBalance = new Decimal(transaction.balance).dividedBy(10000)
+      const tempDecDiffBalance = balance.minus(tempDecOldBalance)
+
+      // Update
+      await queryFn(`
+        UPDATE transactions SET
+          previous = ${previous ? previous.id : null},
+          dec_amount = ${decAmount.toString()},
+          dec_balance = ${balance.toString()},
+          dec_decay = ${decay.decay ? decay.decay.toString() : '0'},
+          decay_start = "${decayStart.toISOString().slice(0, 19).replace('T', ' ')}",
+          temp_dec_send_sender_final_balance = ${
+            tempDecSendSenderFinalBalance ? tempDecSendSenderFinalBalance.toString() : null
+          },
+          temp_dec_diff_send_sender_final_balance = ${
+            tempDecDiffSendSenderFinalBalance ? tempDecDiffSendSenderFinalBalance.toString() : null
+          },
+          temp_dec_old_balance = ${tempDecOldBalance.toString()},
+          temp_dec_diff_balance = ${tempDecDiffBalance.toString()}
+        WHERE id = ${transaction.id};
+      `)
+
+      // previous
+      previous = transaction
+    }
+  }
+}
+
+export async function downgrade(queryFn: (query: string, values?: any[]) => Promise<Array<any>>) {
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `temp_dec_diff_balance`')
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `temp_dec_old_balance`;')
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `temp_dec_diff_send_sender_final_balance`;')
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `temp_dec_send_sender_final_balance`;')
+  await queryFn(
+    'ALTER TABLE `transactions` MODIFY COLUMN `creation_date` timestamp NULL DEFAULT NULL AFTER `balance`;',
+  )
+  await queryFn(
+    'ALTER TABLE `transactions` MODIFY COLUMN `balance_date` timestamp NOT NULL DEFAULT current_timestamp() AFTER `dec_balance`;',
+  )
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `decay_start`;')
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `dec_decay`;')
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `dec_balance`;')
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `dec_amount`;')
+  await queryFn('ALTER TABLE `transactions` DROP COLUMN `previous`;')
+}
diff --git a/database/package.json b/database/package.json
index 89fec74c9..25e45bd71 100644
--- a/database/package.json
+++ b/database/package.json
@@ -38,6 +38,7 @@
   },
   "dependencies": {
     "crypto": "^1.0.1",
+    "decimal.js-light": "^2.5.1",
     "dotenv": "^10.0.0",
     "faker": "^5.5.3",
     "mysql2": "^2.3.0",
diff --git a/database/yarn.lock b/database/yarn.lock
index 55e2c7ff5..3bd75df27 100644
--- a/database/yarn.lock
+++ b/database/yarn.lock
@@ -560,6 +560,11 @@ decamelize@^1.2.0:
   resolved "https://registry.yarnpkg.com/decamelize/-/decamelize-1.2.0.tgz#f6534d15148269b20352e7bee26f501f9a191290"
   integrity sha1-9lNNFRSCabIDUue+4m9QH5oZEpA=
 
+decimal.js-light@^2.5.1:
+  version "2.5.1"
+  resolved "https://registry.yarnpkg.com/decimal.js-light/-/decimal.js-light-2.5.1.tgz#134fd32508f19e208f4fb2f8dac0d2626a867934"
+  integrity sha512-qIMFpTMZmny+MMIitAB6D7iVPEorVw6YQRWkvarTkT4tBeSLLiHzcwj6q0MmYSFCiVpiqPJTJEYIrpcPzVEIvg==
+
 deep-is@^0.1.3:
   version "0.1.3"
   resolved "https://registry.yarnpkg.com/deep-is/-/deep-is-0.1.3.tgz#b369d6fb5dbc13eecf524f91b070feedc357cf34"