Greetings!

Since the last research update, IC3 researchers won the NSA's 9th Annual Best Scientific Cybersecurity Paper Competition, introduced a smart contract for a future transaction confirmation reservation, testified in front of the US House Committee on Energy and Commerce, and more!
AWARDS
“On One-way Functions and Kolmogorov Complexity” by Yanyi Liu (Cornell) and IC3 Faculty Member Rafael Pass (Cornell Tech) won the NSA’s 9th Annual Best Scientific Cybersecurity Paper Competition!
The authors present the first natural, and well-studied, computational problem characterizing the feasibility of the central private-key primitives and protocols in Cryptography.
Press: Cornell Tech
NEW RESEARCH
The authors present Ledgerhedger, a smart contract for a future transaction confirmation reservation. It is secure, incentive-compatible, and has a low overhead for practical future-transaction parameters.
Itay Tsabary (Technion and IC3, Israel), Alex Manuskin (Israel), Ittay Eyal (Technion and IC3, Israel)
Tweet thread: Alex Manuskin
Blog Post: Github
The authors highlight what they want to see built or scaled next in commercial infrastructure, tech, privacy & identity, workforce, and social governance.
J.P. Morgan, ONYX by J.P. Morgan
Tweet thread: Christine Moy
COMMUNITY DEVELOPMENTS
Fair NFT Drops Raffle
IC3 researchers Yan Ji, Tyler Kell, Deepak Maram and Kushal Babel (all Cornell) competed in the ETH Denver 2022 Hackathon. Their project, CandidNFT, uses the Town Crier oracle solution to show how to enforce fair NFT drops. They are currently running a raffle to win a piece of art by Zach Lieberman.
Raffle at nft.candid.id (ends February 24th; requires a US Social Security Number, Coinbase Account, or a PoAP from a past IC3 bootcamp or ETH Global in-person event to enter)
IC3 Co-Director Ari Juels (Cornell Tech) testified in front of the US House Committee on Energy and Commerce as part of the hearing "Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains.” He recommended that blockchain technology move away from proof of work to reduce its environmental impact.
IC3 Faculty Member Eswar Prasad (Cornell) wrote an op-ed about the ways Fintech and digital currencies are reshaping international finance and the risks they pose.
EVENTS
Join IC3 Partner Protocol Labs Research for the second edition of Funding the Commons, a virtual 2-day summit for individuals and organizations building new models of sustainable public goods funding and value alignment in open source networks. Tune in on March 3rd for the speaker series featuring Juan Benet and other thought leaders to discuss novel experiments and future directions for funding our collective commons. Workshops and collaboration will take place March 4th. Check out the full agenda and register here!
Please send any new research or presentations to sarahallen@cornell.edu to be included in the next research update.
 
Best wishes, 
Sarah Allen
IC3 Community Manager
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The Initiative for Cryptocurrencies and Contracts (IC3)