Compare and contrast NVGRE, VXLAN and STT

The idea for the paper is the advantages and disadvantages to Network Virtualization using Generic Routing Encapsulation (NVGRE), Virtualized Layer 2 Networks over Layer 3 Networks (VXLAN) and Stateless Transport (STT) network virtualization protocols. When would one protocol be preferred in an environment over an other. What are the performance, availability and security aspects for the given protocols.

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