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Katz and Ostrovsky (Crypto 2004) proved that five rounds are necessary for stand-alone general black-box constructions of secure two-party protocols and at least four rounds are necessary if only one party needs to receive the output. Recently, Ostrovsky, Richelson and Scafuro (Crypto 2015) proved optimality of this result by showing how to realize stand-alone, secure two-party computation under general assumptions (with black-box proof of security) in four rounds where only one party receives the output, and an extension to five rounds where both parties receive the output. In this paper, we study the question of what security is achievable for stand-alone two-party protocols within four rounds and show the following results:

What Security Can We Achieve Within 4 Rounds?