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ppc64le
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Currently cloud connection is used to connect powervs dhcp private network and vpc network to create load balancer to in vpc for ingress controller.
Cloud connection has a limitation of only 2 per zone.
Whereas in Transit gateway, 5 instances can be created in a zone also its lot faster than cloud connection since it uses PER.
https://cloud.ibm.com/docs/power-iaas?topic=power-iaas-per
https://cloud.ibm.com/docs/transit-gateway?topic=transit-gateway-getting-started&interface=ui